The post Crypto News Today: CZ Drops the ‘Ex’ Tag, Questions Rise About a Return to Binance appeared first on Coinpedia Fintech News
Changpeng Zhao, known as CZ, has raised speculation about a possible return to Binance after changing his X profile. He removed the “ex-@binance” label and updated it back to “@binance.” The move has caught attention across the crypto industry and raised questions about his role in the company going forward.
Background on His Exit
CZ resigned as Binance CEO in November 2023 as part of a settlement with the U.S. Department of Justice. He pleaded guilty to violations of the Bank Secrecy Act and agreed to pay a $50 million fine. Binance itself paid $4.3 billion in penalties.
In April 2024, CZ was sentenced to four months in prison for failing to prevent money laundering on the exchange. He served his term in California and was released earlier this year.
Leadership Since Then
After his resignation, Binance appointed Richard Teng as CEO. Teng, a former regulator, has focused on compliance and restoring trust with both regulators and users. Binance remains the largest crypto exchange by trading volume but still faces legal challenges in the United States.
What the Change May Mean
CZ had previously said he planned to step back from daily operations and focus on investments in Web3 and DeFi. His return to the “@binance” tag could be symbolic, or it could mean something more. Neither Binance nor CZ has given an explanation.
The profile change also comes amid new all-time highs for BNB and a surge in trading volume. At the same time, reports of a possible DOJ settlement are adding to the positive mood. Some wonder if CZ is preparing for a bigger role again, while others see it as a symbolic step. For now, crypto circles are waiting to see what comes next .