#btc #bnb #bitcoin 8636225902#Binancehas issued a lifetime ban on its founder, Changpeng Zhao (#CZ), from overseeing the company, as confirmed by#RichardTeng, the current CEO of the world’s largest cryptocurrency exchange, speaking to Axios.

Zhao is currently serving a four-month prison sentence in the United States for money laundering and sanctions violations, and is expected to be released in late September.

The US Department of Justice indictment does not include a permanent ban on Zhao’s involvement; the original restriction was only scheduled for three years.

Despite being banned from management#Zhaowill remain a major shareholder of Binance but will not formally participate on the board. 🤵🏻‍♂️

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