Other folks have mentioned this.
But I want to point both the Company and CZ the company have pleaded guilty to criminal charges.
Changpeng Zhao will pay a $50 million fine and has resigned as CEO. The DOJ is also seeking an 18 month sentence.
Binance the company also pleaded guilty.
Binance itself also pleaded guilty and agreed to pay $4.3 billion in fines and restitution. according to federal authorities. Binance also reached settlements with two of the three US Agencies that were investigating, then, the Treasury Department and the Commodity Futures Trading Commission, but the SEC not part of this deal.
this is all orchestrated by black rock imo, BlackRock taking control of the crypto market
Sounds like LA Confidential.
Binance has named another CEO and will continue to exist. I wonder if private lawsuits are headed their way.
4.3 billion is a massive hit, it's possible we will see them sell off bitcoin to cover the loss imo, the private lawsuits are another aspect.
https://www.theblock.co/post/264013/binance-us-press-conference-settlement