<story><title>Binance founder Changpeng Zhao agrees to step down, plead guilty</title><url>https://www.wsj.com/finance/currencies/binance-ceo-changpeng-zhao-step-down-plead-guilty-01f72a40</url></story><parent_chain><item><author>blobbers</author><text>SBF decided to testify against CZ to try to save his own ass, giving justice dept and sec something to fine CZ with.&lt;p&gt;Govt collects a big crypto fine, fine makes the big losers in FTX whole, problem solved.&lt;p&gt;CZ should have just bought FTX and closed the deal and made people whole, woulda saved himself some drama.</text></item></parent_chain><comment><author>LandoCalrissian</author><text>Pretty great example of Hacker News when the top comment is &amp;quot;They should have done more crime but in a different way.&amp;quot;</text></comment>
<story><title>Binance founder Changpeng Zhao agrees to step down, plead guilty</title><url>https://www.wsj.com/finance/currencies/binance-ceo-changpeng-zhao-step-down-plead-guilty-01f72a40</url></story><parent_chain><item><author>blobbers</author><text>SBF decided to testify against CZ to try to save his own ass, giving justice dept and sec something to fine CZ with.&lt;p&gt;Govt collects a big crypto fine, fine makes the big losers in FTX whole, problem solved.&lt;p&gt;CZ should have just bought FTX and closed the deal and made people whole, woulda saved himself some drama.</text></item></parent_chain><comment><author>drited</author><text>Check the Reuters investigative pieces on CZ and Binance from 2022.  They had plenty to fine him with before SBF&amp;#x27;s testimony.&lt;p&gt;I actually can&amp;#x27;t believe he didn&amp;#x27;t get jail time given the severity of what was uncovered.</text></comment>