๐จ #Binance Legal Woes Continue! โ๏ธ
๐ As of March 7, 2025, Binance has been entangled in major legal battles:
๐น November 2023: #Binance & CEO Changpeng Zhao (CZ) pleaded guilty to money laundering & sanctions violations ๐ฑ๐ฐ
๐ฐ Binance paid $4.3B in fines, while CZ personally paid $50M and stepped down as CEO but retained ownership.
๐ Source: [Wikipedia]
๐น April 2024: CZ was sentenced to 4 months in prison for violating U.S. money laundering laws ๐๏ธ
โณ He was released in September 2024.
๐ Source: [Wikipedia]
๐ Whatโs Next for Binance? These legal troubles have sparked serious concerns about regulatory compliance & the platform's future. ๐จ
๐ข Do you think Binance can recover from this? Drop your thoughts below! ๐๐ฌ
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