"Even in failure, he built something that could survive."

When Binance pleaded guilty in November 2023 and CZ agreed to step down as CEO, many expected the exchange to collapse. The $4.3 billion settlement — the largest in crypto history — should have been a death sentence.

But the plea agreement included something crucial: Binance was allowed to continue operating. Unlike companies that had been shut down entirely, Binance would survive — under new leadership, with enhanced compliance requirements, but alive.

This was CZs true legacy.

Source: THE BINANCE STORY — Chapter 17: The $4.3 Billion Settlement

📖 DYOR — This is a book summary, not financial advice.

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