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Crypto Community Thanks CZ After Leaving Binance

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The cryptocurrency community has thanked Changpeng Zhao (CZ) after his decision to step down as the CEO of Binance, the largest exchange in the market. On Twitter, multiple recognized figures in the industry have written positive things about CZ and the things he achieved during the last years and since 2017 when he launched Binance. 

Crypto Community Thanks CZ

The crypto community had very positive words for Changpeng Zhao after his announcement that he was stepping down as the CEO of Binance. His decision to step down as CEO of the trading platform comes amid an investigation carried out by the U.S. Department of Justice (DOJ) that required years of investigation alongside the U.S. Commodity Futures Trading Commission (CFTC). 

Erik Voorhees, founder of ShapeShift, wrote on Twitter:

“CZ! You are one of the great heroes on the front lines of an epic struggle. You should be immensely proud of Binance. Well done ser, and thank you. #EndTheFed”

Erik Voorhees

Dan Held, Growth lead at Kraken, thanked Changpeng Zhao saying that he has done “a great job.” This is also in line with what Michaël van de Poppe, the CEO and founder of MN Trading said:

“More than respect for you, CZ. True leader and has brought this market further to what it is now. Nothing compared to FTX, but a good decision. All the best!”

Dan Held and Van de Poppe

While the community is now waiting for Chanpgneg Zhao to decide how he will continue his career, the ex-CEO of Binance said that he is now content being a “one-shot” entrepreneur.

On that matter, he explained:

“I can’t see myself being a CEO driving a startup again. I am content being an one-shot (lucky) entrepreneur. Should there be listeners, I may be open to being a coach/mentor to a small number of upcoming entrepreneurs, privately. If for nothing else, I can at least tell them what not to do.”

Binance Coin (BNB) has fallen by over 10% in the last 24 hours. Bitcoin (BTC), instead, registered 2.2% losses and Ethereum (ETH) gained 1.4% during the same period of time. It is just a matter of time to see what will happen with Binance and who is going to take the full responsibility of guiding this platform in the next few years.

You can see more in the press conference from the DOJ here:

https://www.youtube.com/live/_XEVCOhtLac?si=uXKrCdy_tmDU_V7s

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