Binance CEO Changpeng Zhao — or CZ as he is known in cryptoworld — just stepped down and pleaded guilty to money laundering charges. Meanwhile, Binance settled with the US Department of Justice and the SEC sued Kraken again. What does this all mean?

The chatter around Binance has darkened since the SEC sued the exchange. With key executives leaving and volumes crashing, what exactly is happening with the behemoth exchange?