During a recent meeting at the Binance Chinese community meetup in Dubai, Yi He, co-founder of the global crypto exchange Binance, provided information on the legal situation of the former CEO of the company, Changpeng Zhao.
While Zhao awaits his sentencing in the United States, scheduled for April 30th, Yi He’s comments shed light on the prevailing atmosphere surrounding his legal battles.
Binance Co-founder comments on the legal situation of the company’s CEO CZ
Changpeng Zhao, often known by his initials CZ, has been a prominent figure in the world of cryptocurrencies, having led Binance since its inception.
According to Yi He, Zhao is currently in a situation that is “largely peaceful”, suggesting that, despite the serious legal challenges, there is a sense of calm and preparation within his camp.
Zhao’s legal problems stem from allegations that, under his leadership, Binance did not adequately comply with US laws and sanctions against money laundering. For t
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