Binance CEO Resigns Amidst $4 Billion Settlement with U.S. Authorities
Binance CEO Changpeng Zhao resigns amidst a historic $4 billion settlement with U.S. regulatory authorities, including the Department of Justice. The settlement addresses anti-money laundering and sanctions violations, signaling a pivotal moment for the cryptocurrency giant. Richard Teng, a former Abu Dhabi regulator, is set to succeed Zhao, emphasizing Binance's commitment to regulatory compliance. Stay tuned for updates on this significant industry development.