Will Binance Survive as CEO CZ Steps Down?
The world's largest crypto exchange, Binance, is currently facing a tumultuous future as CEO Changpeng Zhao steps down
CZ has agreed to step down as part of a plea deal with the U.S. Department of Justice, pleading guilty to Bank Secrecy Act violations
Veteran Richard Teng has been appointed as the new CEO.
Binance has been hit with a massive fine for pretending to comply with federal law
Following these unusual circumstances, questions arise about the exchange's survival.