According to Bloomberg Terminal information on November 22, Binance founder CZ appeared in a Seattle court. As previously reported by BlockBeats, US regulators today imposed a $4.3 billion fine on the world's largest cryptocurrency trading platform Binance. Founder CZ agreed to resign and plead guilty, and will not be allowed to hold executive positions at Binance, but will still retain the majority of Binance's equity. CZ will also personally appear in federal court in Seattle on Tuesday afternoon to plead his case.

According to Forbes, Binance founder and CEO CZ is discussing resigning after the criminal investigation is over.

Binance CEO Zhao Changpeng (CZ) posted on X platform that an executive of a customer was deceived to go on a "business trip" to Montenegro, where they were kidnapped and forced to empty their wallets, with a total loss of about $12.5 million. We investigated the on-chain activity and contacted our partners earlier today to freeze the wallet, as all funds were transferred to a Tron wallet in the form of USDT. We successfully froze about $11.8 million of the stolen $12.5 million. This is a true story. Please stay SAFU.

Bloomberg reported that the trading volume of cryptocurrency exchange Binance has been declining this year, and the Bloomberg Billionaires Index has lowered its revenue expectations by 38%. As a result, Binance founder Zhao Changpeng (CZ) saw his personal wealth shrink by $11.9 billion, falling to $17.2 billion. <br>