YOU WON'T BELIEVE WHAT HAPPENED TO BZ OVER BINANCE

Changpeng Zhao Banned from Managing Binance for Life 🚫

👀 Binance has issued a lifetime ban on its founder, Changpeng Zhao (CZ), from overseeing the company, as confirmed by Richard Teng, the current CEO of the world's largest cryptocurrency exchange, to Axios.

Zhao is currently serving a four-month prison sentence in the U.S. for money laundering and sanctions violations, with his release anticipated by the end of September. 📅

⚖️ The U.S. Department of Justice's indictment did not include a permanent ban on Zhao's participation; the initial restriction was planned for just three years.

Despite the ban from management, Zhao will remain a majority shareholder in Binance but will not be formally part of the board of directors. 🤵🏻‍♂️

After pleading guilty in April, Zhao announced his intention to step down as CEO of Binance and to focus instead on investments in blockchain technology, AI, and biotechnology. 💰

Top 15 Blockchains by Total Transactions in August

Solana - 1.1B
Aptos - 578M
Tron - 225M
Near Protocol - 198M
Sei - 127M
Base - 121M
BNB Chain - 105M
Sui - 103M
Polygon - 93.5M
Injective - 80.5M
Arbitrum - 56.5M
TON - 45.8M
Ethereum - 33.9M
Celo - 33.2M
Blast - 30.8M

👉 Cryotorank

PS: You can read my other related crypto post below

1.Bitcoin death cross appear is a golden cross next

2.Kamala harris and crypto

3.Satoshi nakamato identity revealed

4.VITALIK buterin donate half a million dollars to animal welfare fund

5.Ethereum bullish post

6.Bitcoin surpass $64000

7.telegram founder Pavel Durov has been arrested in France

8.Bitcoin upward trend unveiled

9.famous people supporting durov

10.dogs airdrop token takes the crypto world by storm