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Despite the tumultuous situation, Zhao expressed confidence in Binance's future, assuring staff members that the company would endure this challenging phase and potentially emerge stronger.

CoinGecko's acquisition of Zash is driven by the belief that NFTs will continue to evolve and unlock new opportunities worldwide.

Accepting his new role, Teng emphasized a commitment to reinforcing the safety and security measures for Binance's vast customer base, numbering over 160 million users.

In addition to Zhao's resignation, Binance has agreed to pay a substantial financial penalty of $1.8 billion and forfeit another $2.5 billion to the government.

Beyond legal counterarguments, Kraken emphasizes the absence of a regulatory framework that adequately governs digital asset trading platforms.