
CZ no longer runs Binance but remains its largest shareholder and controlling influence
- —CZ pleaded guilty to Bank Secrecy Act violations, was sentenced to 4 months and fined $50 million
- —Binance's total DOJ penalty and forfeiture reached about $4.32 billion
- —Abu Dhabi's MGX invested $2 billion in Binance in March 2025 for a minority stake
- —By February 2026, Binance and its users controlled roughly 87% of USD1 in circulation
Why it matters: Binance's ownership structure and its ties to Abu Dhabi and World Liberty Financial remain under scrutiny from US regulators and Congress.
Source: Happycoin.club