In a notorious development that sent shockwaves through the cryptocurrency industry, Binance, the largest exchange in the world, and its former CEO Changpeng Zhao (CZ) settled with the US government. However, former SEC official John Reed Stark has expressed concerns about the agreement’s implications.
Stark believes that the Binance plea agreement, the guilty plea by CZ to anti-money laundering charges, may not bring the expected relief to the exchange. Instead, Stark suggests:
The Binance Plea Agreement is Already Blowing Up. More Evidence of the Possibility of a Binance Collapse (And a 10-Year Sentence for CZ).
Former SEC Official Raises Concerns Over Binance CEO’s Evasive Responses
In a recent post on X (formerly Twitter), Stark referenced a Richard Teng interview, who recently assumed the role of Binance CEO following CZ’s guilty plea and a substantial $4.3 billion legal settlement with the US Department of Justice (DOJ), the US Financial Crimes Enforcement Network (F
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