Changpeng Zhao is permanently banned from holding any leadership position at Binance
According to Watcher.guru, the departure of Binance founder Changpeng Zhao has been confirmed as a lifetime ban. Current CEO Richard Teng revealed in an interview with Axios that Changpeng Zhao was permanently banned from holding any leadership position at Binance.
This ban is one of the key terms in Binance's settlement agreement with the U.S. Department of Justice (DOJ). At the end of last year, Binance pleaded guilty to multiple federal criminal charges and paid a fine of more than $4 billion. This is also the first time in history that a company has involved criminal charges against executives in a settlement.