Founder of Binance, the world’s largest cryptocurrency exchange Changpeng Zhaowas released from a prison in California minutes ago.
After development BNB movement in price started.
Zhao, 47, was being held in federal custody following accusations of inadequate compliance measures that allegedly allowed cybercriminals and terrorist groups to use the exchange for illicit trading activities.
In November, Zhao was found guilty of failing to implement adequate anti-money laundering protocols at Binance, which launched in Shanghai in 2017 and quickly processed trillions of dollars of annual crypto transactions. Bureau of Prisons spokesman Scott Taylor confirmed that Zhao was released from a rehabilitation center in Long Beach, California. Zhao was imprisoned in a low-security facility for four months after reporting in June.
As part of the plea agreement, Zhao agreed to pay a personal fine of $50 million. Binance also agreed for $4.3 billion to resolve accusations of violating anti-money laundering and sanctions laws. Following the deal, Zhao resigned as CEO of Binance and was barred from holding an executive position at the company.
Zhao’s personal net worth is still estimated at around $30 billion, according to Bloomberg Wealth.
Binance is currently under the leadership of Richard Teng, former chief regulator of the Abu Dhabi Global Market, while co-founder Yi He, the mother of Zhao’s three children, continues to play a key role in the company’s operations. In April, Binance announced it was forming its first board of directors, but has yet to establish a global headquarters and maintains its identity as a decentralized “virtual” company.
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Source: https://www.bitcoinsistemi.com/beklenen-buyuk-an-nihayet-geldi-binance-kurucusu-changpeng-zhao-cz-cezaevinden-cikti-bnb-fiyati-hareketli/
