Former Binance CEO Changpeng Zhao, despite being banned from managing the crypto exchange, may still retain significant influence due to his majority shareholder status, according to legal experts. The plea agreement with the US Department of Justice prohibits Zhao from day-to-day management but allows him to retain all shareholder rights, including nominating board members and replacing executives. There is ambiguity about what constitutes "managing or operating" the company, leaving room for interpretation. Zhao has unveiled a new education platform called Giggle Academy, indicating a shift towards a broader legacy beyond the crypto industry.



Other News from Today