Changpeng Zhao issued a farewell tweet saying that Binance did not misappropriate customer funds or manipulate the market

Binance, the world's largest cryptocurrency exchange, and its CEO Changpeng Zhao admitted to money laundering charges on Tuesday and agreed to pay a fine of approximately US$4.3 billion. Zhao Changpeng will resign as CEO. Changpeng Zhao posted on social platform

Changpeng Zhao also revealed his next plan, writing: "I want to take a break first. In the past six and a half years, I haven't had a day of real rest (phone turned off).

After that, my current thinking is that I might do some passive investing and become a minority token/shareholder in startups in the blockchain/Web3/DeFi, AI, and biotech space. I'm glad I finally have more time to study DeFi. "

Although Binance admitted to violating the U.S. Bank Secrecy Act and sanctions, Changpeng Zhao said he was "proud to point out" that U.S. regulators did not accuse Binance of misappropriating customer funds or manipulating the market.