An exclusive interview with Cointelegraph in 2018 highlighted growing scrutiny of Binance’s meteoric growth.

Teng’s tenure will focus on three aspects of the business as CEO: reinstating investor confidence, collaborating with regulators and driving Web3 adoption, he said.

Data aggregator DefiLlama showed that Binance’s crypto asset inflows have fallen by over $1 billion in the last 24 hours.

Binance founder Changpeng “CZ” Zhao posted a $175 million bond with the condition he return to the U.S. two weeks before his sentencing.

United States government agencies spent months, sometimes years, investigating Binance in the lead-up to unsealing an indictment against the exchange.

Cryptocurrencies flash mixed signals as market participants digest the details of CZ’s guilty plea and the U.S. Department of Justice’s $4.3 billion settlement with Binance.

Brian Armstrong reflected on the announcement of criminal charges against Binance, stating that Coinbase’s decision to get licenses was correct.

Officials with the U.S. Justice Department, Treasury, and CFTC alleged Binance “lacked basic safeguards” to protect against sanctions and Changpeng Zhao committed criminal acts.

The house that CZ built will now be helmed by its head of regional markets, as the U.S. Department of Justice has barred the former CEO from his position.

The U.S. Justice Department, Treasury and CFTC reportedly plan to announce settlements for many of the criminal and civil cases against Binance and CZ on Nov. 21.