{"id":87628,"date":"2023-11-28T20:04:04","date_gmt":"2023-11-28T18:04:04","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=87628"},"modified":"2025-09-13T13:03:12","modified_gmt":"2025-09-13T10:03:12","slug":"changpeng-zhao-steps-down-from-binance-us-board","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/changpeng-zhao-steps-down-from-binance-us-board\/","title":{"rendered":"Changpeng Zhao steps down from Binance.US board"},"content":{"rendered":"<p>Co-founder and former Binance CEO Changpeng Zhao has stepped down as chair of the Binance.US board.<\/p>\n<blockquote class=\"twitter-tweet\" data-lang=\"en\">\n<p lang=\"en\" dir=\"ltr\">We wanted to provide an update to the <a href=\"https:\/\/t.co\/AZwoBOgsqS\">https:\/\/t.co\/AZwoBOgsqS<\/a> community in light of last week\u2019s news regarding CZ and <a href=\"https:\/\/t.co\/IZwa5M2U8b\">https:\/\/t.co\/IZwa5M2U8b<\/a>.<\/p>\n<p>As you know, <a href=\"https:\/\/t.co\/AZwoBOgsqS\">https:\/\/t.co\/AZwoBOgsqS<\/a> was launched with the express purpose of serving United States customers in accordance with all\u2026<\/p>\n<p>\u2014 Binance.US ?? (@BinanceUS) <a href=\"https:\/\/twitter.com\/BinanceUS\/status\/1729530641526435859?ref_src=twsrc%5Etfw\">November 28, 2023<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>According to the statement, the entrepreneur handed over his votes to a trusted person and retains a purely economic interest in the company.<\/p>\n<p>Binance.US noted that the platform is not a party to the <a href=\"https:\/\/u1f987.com\/en\/news\/changpeng-zhao-to-pay-50-million-under-u-s-doj-settlement\">settlement<\/a> of the United States authorities\u2019 claims against Zhao and the exchange he previously led. <\/p>\n<p>Under the agreement, Binance will pay $4.3 billion. The co-founder and former CEO agreed to a $50 million fine and to step down.<\/p>\n<p>The American firm noted that it shares the brand and technology stack with the largest crypto-trading platform, but operates independently.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u00abWe have no unresolved enforcement issues with the DOJ, FinCEN, OFAC or the CFTC. We remain fully operational and will continue to serve customers with the same products and services as always\u00bb, according to the Binance.US statement.<\/p>\n<\/blockquote>\n<p>The company&#8217;s top management, led by CEO Norman Reed, retained their positions.<\/p>\n<p>Zhao <a href=\"https:\/\/u1f987.com\/en\/news\/binance-founder-changpeng-zhao-released-on-175-million-bond\">posted a $175 million<\/a> bond to stay free until the verdict on February 23, 2024. Prosecutors <a href=\"https:\/\/u1f987.com\/en\/news\/prosecutors-seek-to-bar-cz-from-leaving-the-united-states\">sought to bar him from leaving the United States<\/a>, fearing flight. He faces <a href=\"https:\/\/u1f987.com\/en\/news\/u-s-doj-changpeng-zhao-could-face-up-to-ten-years-in-prison\">up to ten years in prison<\/a>.<\/p>\n<p>The judge <a href=\"https:\/\/u1f987.com\/en\/news\/judge-bars-changpeng-zhao-from-leaving-the-united-states-until-verdict-is-delivered\">barred<\/a> Zhao from leaving the United States pending the DOJ\u2019s motion.<\/p>\n<p>As previously reported, after his resignation as Binance\u2019s CEO, Richard Teng took the helm of the exchange.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Co-founder and former Binance CEO Changpeng Zhao has stepped down as chair of the Binance.US board.<\/p>\n","protected":false},"author":1,"featured_media":87629,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[744,935,26],"class_list":["post-87628","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-binance","tag-changpeng-zhao","tag-usa"],"aioseo_notices":[],"amp_enabled":true,"views":"14","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/87628","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=87628"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/87628\/revisions"}],"predecessor-version":[{"id":87630,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/87628\/revisions\/87630"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/87629"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=87628"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=87628"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=87628"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}