Update: Binance CEO CZ accepted the accusations and resigned, the exchange was fined $4.3 billion, Binance agreed to pay the fine. – WSJ, BBG
Following the news that the US Department of Justice (DOJ) will make a statement regarding cryptocurrency sanctions at 23:00 Turkey time, one of the information coming from the sources was about Binance CEO CZ.
Many claims have been made about the statements to be made in the evening from the leading organizations of the global media. In light of these allegations, while Bitcoin and BNB prices have exhibited very volatile movements in recent hours, the latest statement was that Binance CEO CZ will resign from his position as CEO within the scope of the agreement that is assumed to be reached.
Among the claims put forward was that an item would be related to Binance within the scope of the statements to be held in the evening and that the issue would be agreed upon. After the claim, the markets became active and raised questions such as whether the Binance lawsuit process is over. However, the subsequent statements suggest that the situation involves the CFTC or DOJ rather than the process carried out with the SEC.
With the latest claim, it was stated that another article of this agreement was the condition that Binance CEO CZ resign from his position as CEO. It is claimed that the agreement will also cover individual accusations and in this context, CZ will be expected to resign from his position as CEO in order for the crimes against CZ to be dropped.
There is no statement regarding the news yet from Binance CEO CZ. BNB price dropped from $272 to $256 with the news.