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According to Axios, current Binance CEO Richard Teng has confirmed that former Binance CEO Zhao Changpeng (CZ) has been permanently banned from managing or operating the company. According to an agreement with the US Department of Justice (DOJ), Zhao Changpeng will be banned from participating in the company's daily operations after completing his imprisonment on September 29, 2024. However, as the largest shareholder, Zhao Changpeng retains all shareholder rights and will still maintain significant influence over the company. Teng said, "If the company's performance does not meet expectations, as an investor, he has the right to replace or nominate new board members or CEO, and shareholders can also propose resolutions at any time. @gyoza