Bloomberg: CZ is not allowed to continue to hold any position, but will still retain the majority of the shares.

According to sources cited by Bloomberg on November 22, regulatory authorities will impose a $4.3 billion fine (including criminal and civil penalties) on Binance, the world's largest cryptocurrency exchange. Binance will continue to retain its operating ability despite the fine. In addition, founder CZ has agreed to resign and plead guilty, and will not be allowed to hold executive positions at Binance. However, he will still retain the majority of Binance's shares and will personally appear in Seattle Federal Court on Tuesday afternoon to plead his case.