Breaking: Binance Coin price crashes by more than 8% in an hour as Binance CEO CZ resigns

FXstreet
FXstreet

21 Nov 2023 6:09 PM

Binance Coin price fell by 8.39% in the past hour to trade at $244 as Changpeng Zhao, the CEO of the world’s biggest cryptocurrency exchange and the parent company of the altcoin Binance, resigned on Tuesday. ...

  • Traders with long contracts on BNB experienced mass liquidation following the price crash.
  • Binance CEO Changpeng Zhao resigned and pleaded guilty to charges of violating anti-money laundering requirements.
  • Binance agreed to pay a $4.3 billion fine to settle the case with the US government.
  • Binance Coin price fell by 8.39% to trade at $244.

The article discusses negative events surrounding Binance, including the price crash, mass liquidation, and the CEO's resignation. The sentiment is predominantly negative.

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What caused the mass liquidation of long contracts on BNB?What charges is Changpeng Zhao facing?How much is Binance paying as a fine to settle the case with the US government?What is the current price of Binance Coin?What is the sentiment of the article towards Binance and its CEO?

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BinanceBNBChangpeng ZhaoCryptocurrencyAnti-money launderingBreaking

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