💥 Leadership Shakeup & Terrorism Lawsuit Rock Binance Amid Altcoin Delistings
Binance, the world's largest crypto exchange, is currently facing a mix of major corporate restructuring, severe legal challenges, and platform adjustments impacting altcoin holders. In a significant leadership change announced on December 3, 2025, co-founder Yi He was promoted to Co-CEO, joining Richard Teng. This move signals a strategic shift to strengthen regulatory compliance and user-focused operations amid the fallout from the founder Changpeng Zhao's (CZ) 2023 conviction and subsequent pardon by President Trump. However, the most critical new development is a high-stakes US federal lawsuit filed by over 70 families of victims of the October 2023 attacks against Israel, accusing Binance and CZ of systematically enabling terrorist financing for groups like Hamas and Hezbollah. This case is being closely watched as it tests the extent of private liability for crypto platforms in real-world harm. Separately, Binance is signaling a crackdown on low-performing assets, announcing the delisting of three altcoins—StaFi (FIS), REI Network (REI), and Voxies (VOXEL)—on December 17, 2025, due to poor liquidity and low trading volumes, which caused an immediate price freefall for the tokens.
