# Binance and CZ Pay Up

*Author: Bankless*
*Published: Nov 21, 2023*
*Source: https://www.bankless.com/binance-cz-out*

---

[![](https://storage.ghost.io/c/e4/b7/e4b77544-5a37-4f0b-8824-8440aa348476/content/images/2023/11/Frame-50475--1-.png)](https://www.bankless.com/sponsor/asymetrix-1700256441?ref=cz-is-done-what-does-this-mean&email=true)

  

    Binance & CZ Pay Up 
  
  

  
  Published on Nov 21, 2023

[
  
  View in Browser

](https://bankless.com/read/briefs)
 

---
[**Sponsor: Asymetrix**](https://www.bankless.com/sponsor/asymetrix-1700256441?ref=cz-is-done-what-does-this-mean&email=true)
Empower your stETH with Asymetrix V2's enhanced core features! 

[Discover Asymetrix V2](https://www.bankless.com/sponsor/asymetrix-1700256441?ref=cz-is-done-what-does-this-mean&email=true)

.  .  .

 
  
    
      
      NEED TO KNOW
    
    
  
  
    
    CZ Resigns
  
  

  

 

![](https://storage.ghost.io/c/e4/b7/e4b77544-5a37-4f0b-8824-8440aa348476/content/images/2023/11/Frame-50445--26-.png)- **4️⃣ CZ pleads guilty. **The DOJ made its move. $4.3B fine against Binance. CZ is out. *What does this all mean?* Full breakdown [further below](https://www.bankless.com/cz-is-done-what-does-this-mean).
- ** 😮‍💨 SEC sues Kraken.** Gary won't quit. The SEC [sued Kraken for acting as an unregistered securities exchange](https://x.com/SECGov/status/1727054144714789282?s=20). 
- **☠️ Bittrex is just about dead. **The global exchange [will shut down trading on Dec 4](https://x.com/web3isgreat/status/1726990717086556224?s=20), though withdrawals will still be possible.  

.  .  .

 
  
    
      
      TODAY IN MARKETS
    
    
  
  
    
    Markets Unfazed by DOJ
  
  

  

 
 

**📊 Crypto shrugs off DOJ: **The DOJ probably had the opportunity to take a Binance kill shot, but it didn't. It instead [levied](https://twitter.com/tier10k/status/1727014624753819906) a hefty fine [*that Binance can likely afford*](https://twitter.com/jconorgrogan/status/1727014343613841443) while forcing CZ to step down and face criminal charges while still holding onto his ownership. BNB barely budged and the crypto market sighed in relief.

Prices as of 4pm ET
24hr
7d

 

       ![](https://banklesspublic.b-cdn.net/cmc.png)
    

  **Crypto**
   
          $1.39T
       

  
    
    ↘ 1.7%
    
  

   
    
    ↗ 2.2%
    
  

       ![](https://banklesspublic.b-cdn.net/btc.png)
    

  **BTC**
   
          $36,786
       

  
    
    ↘ 1.6%
    
  

   
    
    ↗ 3.5%
    
  

       ![](https://banklesspublic.b-cdn.net/eth.png)
    

  **ETH**
   
          $1,985
       

  
    
    ↘ 1.9%
    
  

   
    
    ↗ 0.3%
    
  

  

[Unlock Today's Full Market Analysis](https://www.bankless.com/cz-charges)

.  .  .

 
  
    

    ANALYSIS

  
  
    
    What Binance News Means for Crypto
  
  
  
   
     
     Bankless Author: 
     
      [
       
       Jack Inabinet
     
    ](https://twitter.com/JackInabinet)
 

[![](https://storage.ghost.io/c/e4/b7/e4b77544-5a37-4f0b-8824-8440aa348476/content/images/2023/11/image--28-.png)](https://www.bankless.com/cz-is-done-what-does-this-mean)The US Government delivered a record-breaking judgment against Binance and CZ, leading to felony pleas, billions in fines and a regime change.

**Here's what you need to know about the Binance judgment 👇**

[Get the Full Rundown](https://www.bankless.com/cz-is-done-what-does-this-mean)
---
---

*This article is brought to you by [MetaMask](https://www.bankless.com/sponsor/metamask-1776260643?ref=binance-cz-out)*