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：风向标)

• ·特朗普宣布对欧盟和苹果iPhone加征关税后比特币价格回落
• ·因山寨币市场下跌导致RD下滑11%
• ·美国司法部查获Qakbot恶意软件开发者2400万美元加密货币
• ·元宝币ZEC今日价格
• ·ipfs币的价格
• ·账期是怎么计算的
• ·阿侬币平台交易
• ·立法者调查苹果应用商店关于区块链、NFT的政策
• ·比特币再创新高：获利回吐压力显现，投资者应如何应对？
• ·交易所btc
• ·虚拟币国外行情-虚拟币国外行情怎么样
• ·xhv怎么挖 xvg怎么挖
• ·详解MegaETH实时以太坊：新一代区块链的革命性应用
• ·LAMB流通量多少
• ·唯币ven价格-唯币是什么
• ·晚报 ｜ Richard Tng 称现谈论“接替赵长鹏 ”过早；Multichain 部分跨链桥疑似恢复运行