Binance Founder May Sell Stake and Step Down as CEO Amid Legal Challenges and Shifting Market Dynamics

Binance Founder, Changpeng Zhao, may sell his stake in the crypto exchange after recently stating that he has received potential offers for the sale. The decision follows high regulatory scrutiny and Zhao’s detachment from the daily operations of the company. The unnamed potential buyers have not been disclosed, but Zhao has said he is open to reviewing offers.

Binance’s legal team has moved to dismiss a recent SEC lawsuit against the exchange.

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