Binance, the world’s largest cryptocurrency exchange, is on the verge of a landmark settlement with the Department of Justice (DOJ) that would require it to pay a staggering $4 billion. What Happened: This settlement aims to address a string of criminal violations, marking one of the DOJ’s most extensive probes into a crypto entity. Changpeng Zhao, Binance CEO, has publicly announced his resignation in the wake of the settlement. “Today, I stepped down as CEO of Binance,” Zhao stated on X. Richard Teng, previously the head of regional markets at Binance, is set to succeed Zhao. The settlement …