Former Binance CEO Changpeng “CZ” Zhao stepped down from the role on Nov. 21 after pleading guilty to violating Anti-Money Laundering laws. He then issued a statement via a messaging platform to the company.
CZ’s letter began circulating on social media on Nov. 22. In the letter, CZ praised the Binance team, saying he is “proud” of their work “today, in the past, and into the future.” He also said, “Binance will be fine,” but hinted at restructuring.