Binance vs U.S Sanctions

[Eva Green]

Earlier, the Binance exchange was sued due to various criminal charges. In recent developments The founder and CEO Cheng Zhao who pleaded guilty and fined
$50 million.The Binance Exchange is fined for $4.3B to settle the case and also include the 'CZ' to stepdown as CEO. Meanwhile Richard Teng takes over as
CEO of binance,who was a former regulator and regional head.
What do you think is Binance capable enough to bear this loss and how far this effect will go and prolong for cryptocurrency industry.

 

[GraceAnderson]

Binance will definitely feel the impact, but they've been a major player in the crypto industry for a while, so they might have the resources to handle it.

 

[GeneralEth]

it's been a long way with binance and in many people's heart Cz will always be a legend, anyways what am sure of is that he's gonna spend that 18 month in prison and for that period, it's safe to just move our pf to another exchange that is doing well, Bitget, OKX, are still doing good