Speculation is rising that Binance Co-Founder Changpeng Zhao (CZ) may soon return to the company, nearly two years after stepping down. CZ changed his X profile bio, from ‘ex-binance’ to ‘binance,’ which has led to rumors of a possible comeback.
As part of the deal, he paid a $50 million personal penalty and was banned from managing the exchange. Since then, Richard Teng has been leading Binance as CEO. Now, with the legal restrictions lifted, CZ could be planning to steer Binance’s next phase of growth.
BNB price hits fresh all-time high
This development comes at an interesting time for Binance, as the company finalizes its agreement with the U.S. DoJ to remove the three-year oversight requirement related to Bank Secrecy Act violations. The combination of CZ’s potential return and BNB’s record-breaking rally is sparking excitement across the crypto community.
Both the leadership actions of Binance and the price movement of BNB will be under the scrutiny of investors and traders in the next few weeks. This is as the market anticipates what may become a seminal moment in the history of one of the largest crypto exchanges in the world.
