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How Binance Melted Down in Less Than a Year - WSJ What Went WrongChangpeng Zhao, known as "CZ", plans to step down as CEO of the world's largest cryptocurrency exchange and plead guilty to felony charges. The CEO of Binance, the world's largest cryptocurrency exchange, will step down after the company pleaded guilty Tuesday to violations of. Changpeng Zhao, the founder-CEO of Binance, the world's largest cryptocurrency exchange, has stepped down from his position after pleading.