<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>tw1984</author><text>After all these recent shit regarding crypto currencies in the US, you don&amp;#x27;t need a full brain to figure out that there is a huge hole in the system.&lt;p&gt;It is also amazing to see that CZ managed to walk away free of any jail time, kept most of his assets gathered by his con job.</text></item></parent_chain><comment><author>naraga</author><text>FWIW, CZ is (and was viewed as) a good actor in the industry. He did a lot of good not only for crypto adoption but for access to better fiat currencies for people in countries with hyper-inflating collapsing system. comparing him to SBF  (like many do) is absolutely not fair. 
he fcked up on AML front for sure and he is going to be punished rightfully but he did just so much good for people that he will stay remembered is positive persona. hero for many.</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>tw1984</author><text>After all these recent shit regarding crypto currencies in the US, you don&amp;#x27;t need a full brain to figure out that there is a huge hole in the system.&lt;p&gt;It is also amazing to see that CZ managed to walk away free of any jail time, kept most of his assets gathered by his con job.</text></item></parent_chain><comment><author>lifty</author><text>Why would you say it’s a con job? The settlement is for not enforcing money loundering restrictions, not conning or scamming people. Binance seems to be reputable and hasn’t done any shady things with customer funds, as far as I know.</text></comment>