Changpeng Zhao Banned From Administrative Roles at Binance, Keeps 90% Stake Control
Changpeng Zhao, who started Binance, is no longer allowed to run the company. This was confirmed by the current CEO, Richard Teng. The ban happened after Changpeng Zhao admitted to helping with money laundering and breaking U.S. laws. Because of this, the U.S. Department of Justice (DOJ) has permanently stopped him from being involved in…
