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Changpeng Zhao, also known as CZ, will reportedly step down and plead guilty to violating money laundering requirements as part of a DOJ settlement. The company will also pay $4.3bn in fines.
CZ would freguently post “4” in response to criticism or allegations. It was his way of saying all of the bad news about him was FUD.
Hopefully he lands in jail, but I don’t think he’ll be coming to the US anytime soon.