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