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International Business Times

Business

Nica Osorio

CZ Makes Strategic Move That Detaches Him From Embattled Binance.US

Binance Changpeng Zhao CZ United States Changpeng Zhao CFTC DOJ

Binance chief Changpeng Zhao, who goes by CZ, said he used Twitter more than he used his own trading platform and was keen to support it (Credit: AFP / Eric PIERMONT)

KEY POINTS

Changpeng Zhao resigned from his post as the CEO of Binance last week
He then gave up his role as the chairman of the board of director at Binance.US
Zhao's latest move was reportedly not part of the settlement agreement with regulators

Binance founder Changpeng Zhao (CZ) stepped down as chairman of the board of directors of Binance.US — an action that many perceive as a bold and strategic way of trying to get regulators off his back.

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