Changpeng Zhao, also known as CZ, remains influential at Binance even though he has been banned for life from managing the company. This is due to his position as a majority stakeholder.
A defense agreement signed between Binance and an undisclosed entity further complicates the situation, indicating CZ’s ongoing role in the company's strategic decisions.
The nature of the defense agreement and the details about CZ’s influence, despite his management ban, reflect the complexity of governance at Binance.
