Can CZ return to the helm after being released from prison?

Binance has imposed a lifetime ban on its former CEO Changpeng Zhao (CZ) from managing or operating the company. However, as the major shareholder of the company, Zhao Changpeng still holds considerable influence.

Binance founder Zhao Changpeng (CZ) will be released from prison at the end of the month, and the community is hoping that CZ's release from prison will bring some favorable changes to Binance, becoming a big boon for Binance and BNB tokens. However, according to foreign media Axios, Richard Teng, the CEO of Binance, confirmed that in the plea agreement reached between Binance and the US Department of Justice (DOJ) in November, it was explicitly stated that Zhao Changpeng would be "permanently banned" from managing or operating the company.

According to Richard Teng, although Zhao Changpeng is permanently banned from participating in the daily management of the company, as the largest shareholder, he still retains all shareholder rights. He can make decisions based on the company's performance and has the right to nominate or replace board members and CEO. Previously, Zhao Changpeng was the only board member of Binance, but according to the plea agreement, Binance has now increased to seven board members.

However, although Zhao Changpeng is prohibited from participating in daily management activities, his rights as a shareholder still raise questions about whether he can provide advice to senior management as an advisor.

Has the settlement agreement not completely blocked the possibility of return?

However, although the CEO of Binance has denied the possibility of CZ returning to take charge of Binance, Daniel Richman, a professor at Columbia Law School and former federal prosecutor, pointed out that the settlement terms reached between the Department of Justice and Binance did not explicitly prohibit the company from allowing Zhao Changpeng to return to the CEO position in the future. The ban is listed as a "consideration factor" in the agreement in the document, rather than a mandatory requirement, indicating that the agreement has not completely blocked the legal path for Zhao Changpeng to return to the position of CEO. Daniel Richman stated:

The key is to include a clause that prohibits Binance from allowing him to come back and allows the government to accuse the company of breach of contract if it does so. However, such a clause did not appear in the agreement

However, in the coming years, under close supervision by US regulatory agencies, the relationship between Binance and Zhao Changpeng will still be further tested. Yadav, a law professor at Vanderbilt University, believes that if Zhao Changpeng attempts to re intervene in company affairs, he will face great risks, which may trigger further investigations by regulatory agencies.

(责任编辑：基金优选)

• ·btcapp10大排名 比特币交易10大平台汇总
• ·饭店的厨师工资计入什么科目
• ·445281是哪里的身份证
• ·10月31日兴全社会责任混合净值下跌0.03%，今年来累计下跌6.56%
• ·4毫米是几厘米？一算就明白！4毫米等于多少厘米
• ·KindlyMD 股东批准与比特币财务公司 Nakamoto 合并
• ·八大虚拟货币BTC交易平台排行榜 美国比特币交易平台有哪些？
• ·OKX|欧意官网下载app及欧意交易所下载全方位指南
• ·比特币交易平台app_全球交易平台排名
• ·转出未交增值税年底怎么结转
• ·泰山到底多牛？齐鲁大地绿到没边！岱宗夫如何 齐鲁青未了
• ·虚拟币交易平台哪个好 数字货币交易平台排名前十名
• ·币圈十大交易所国内排行 国内评价最好的交易平台
• ·全面了解欧义OKX下载与使用教程
• ·一招清空朋友圈，告别过去超简单！如何批量删除朋友圈
• ·10月31日恒越匠心优选一年持有混合A净值下跌1.44%，今年来累计下跌15.85%