Technology @lemmy.world Lee Duna @lemmy.nz 1y ago

Binance CEO Changpeng Zhao Reportedly Quits and Pleads Guilty to Breaking US Law

www.wired.com Binance CEO Changpeng Zhao Reportedly Quits and Pleads Guilty to Breaking US Law

Changpeng Zhao, also known as CZ, will reportedly step down and plead guilty to violating money laundering requirements as part of a DOJ settlement. The company will also pay $4.3bn in fines.

18 comments

lol this is good for bitcoin or something
He gonna give a bad rep to bitcoin
- Bitcoin already had a bad rep since Mt. Gox.
  
  Since day one and people could see what it really was.
Unbelievable. I thought he alone would get away, since he seemed to enjoy the protection of higher powers. I wonder if the UAE will extradite him ?
paywall I sleep
Please, let his response be:

4
- I don't get it
  
  CZ would freguently post "4" in response to criticism or allegations. It was his way of saying all of the bad news about him was FUD.
  
  Hopefully he lands in jail, but I don't think he'll be coming to the US anytime soon.
  
  It's in the article. The guy uses the number 4 as a symbol of his innocence or something along those lines.
  
  At some point CZ outlined a bunch of "rules" for winning bigly in crypto (read: "getting suckered by his scam") and rule 4 was "Ignore FUD." Ever since, when bad news happened he would just reply with "4" as a shorthand.
So no more shitposting from this guy?
Does this mean we get to increase the block size and make bitcoin viable again?

18 comments