Who is Changpeng Zhao?

Senior writer covering AI, defense and national security. Founder and CEO of Binance Changpeng Zhao, commonly known as "CZ", attends the "CZ Updated: Changpeng “CZ” Zhao stepped down as CEO of Binance as part of a major $4 billion settlement between United States agencies and the cryptocurrency exchange he founded.

What happened to Binance CEO Changpeng Zhao?

Binance CEO Changpeng Zhao has agreed to step down as part of a sweeping deal with the Justice Department designed to keep the company operating.

What happened to Binance & Zhao?

Binance agreed to plead guilty to a criminal charge and pay $4.3 billion in penalties. Zhao, who agreed to step down and pay a $50-million fine as part of the settlement, appeared federal court in Seattle on Tuesday to enter his plea. The deal ends a years-long investigation into the cryptocurrency exchange.