Changpeng “CZ” Zhao has resigned as CEO of Binance as part of a deal to settle a long-running investigation by the U.S. Department of Justice. The deal, set to be formally announced later today, will see Binance pay $4.3 billion in fines for violating U.S. anti-money laundering laws.
For CZ, once the icon of the crypto industry, the resignation caps a remarkable fall from grace. As Binance ballooned into the world’s largest crypto exchange under CZ’s leadership, its flouting of…
