Changpeng Zhao, also known as CZ, will reportedly step down and plead guilty to violating money laundering requirements as part of a DOJ settlement. The company will also pay $4.3bn in fines.
      • @YerbaYerba@lemm.eeEnglish
        2•1 year ago

        It’s in the article. The guy uses the number 4 as a symbol of his innocence or something along those lines.

        • ripcord
          2•1 year ago

          I see it now, thanks. Guess I skimmed the last half earlier.

      • @Misanthrope@lemmy.mlEnglish
        7•1 year ago

        CZ would freguently post “4” in response to criticism or allegations. It was his way of saying all of the bad news about him was FUD.

        Hopefully he lands in jail, but I don’t think he’ll be coming to the US anytime soon.

      • @Voroxpete@sh.itjust.worksEnglish
        1•1 year ago

        At some point CZ outlined a bunch of “rules” for winning bigly in crypto (read: “getting suckered by his scam”) and rule 4 was “Ignore FUD.” Ever since, when bad news happened he would just reply with “4” as a shorthand.