If you have`t sold the Bearish Pennand doubled by fundamentals here: or The Next FTX article:
Then: Binance Founder Changpeng Zhao to Step Down and Admit Guilt!
The CEO of Binance, the world's largest cryptocurrency exchange, is set to resign and plead guilty for violating U.S. anti-money-laundering laws, as part of a deal aimed at allowing the company to maintain its operations, sources familiar with the situation revealed.
Changpeng Zhao is expected to make his plea in a Seattle federal court on Tuesday afternoon, according to recently unsealed court records. Simultaneously, prosecutors unveiled charges against Binance, owned by Zhao, for offenses related to money laundering and sanctions. Binance is also slated to plead guilty.
Considering these developments, I anticipate a decline in the value of the BNB coin.
Curious what are your thoughts on the potential price decrease?
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Binance allowed transactions associated with terrorist groups such as Hamas’ Al-Qassam Brigades, Palestinian Islamic Jihad, al-Qaida and ISIS, Treasury Secretary Janet Yellen said in a release, noting Binance “never filed a single suspicious activity report.” Binance founder CZ released on 175M bail, faces 18-month prison term for money laundering. Binance $4.3 billion settlement with the Department of Justice. Where do you think they will come up with the money, if not from selling BNB coins, of which CZ is the biggest holder?!
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