Photo illustration: Aïda Amer/Axios. Photo: Antonio Masiello/Getty Images
Binance has barred former CEO Changpeng Zhao for life from running the company, but he will still have a powerful say in the company as its majority shareholder.
Why it matters: Binance's November plea agreement with the Department of Justice left plenty of room for interpretation when it said Zhao had been barred from "managing or operating" the company.