There are claims that Binance’s billionaire founder Changpeng Zhao (CZ) was released today after a four-month sentence spent both in prison and in a rehabilitation center.
Changpeng Zhao’s (CZ) Wealth is Estimated to Be Between 30 and 60 Billion Dollars
Despite his legal difficulties, Zhao’s fortune is still enormous. Largely personal, Bloomberg estimates crypto para Depending on the unknown size of his assets, his net worth ranges from $30 billion to $60 billion. Forbes reports that even after stepping down as CEO, Zhao still maintains a significant 90% stake in Binance, the world’s largest crypto exchange by volume.
However, Forbes estimated CZ’s fortune at $61 billion.
Zhao’s legal troubles came to a head in April when he pleaded guilty to charges of facilitating money laundering through Binance. Expressing his regret while serving his sentence, Zhao said, “I now realize the seriousness of this mistake.” In addition to the prison sentence, Zhao was ordered to pay a $50 million fine, while Binance itself was fined $4.3 billion as part of the settlement.
As a condition of his sentence, Zhao was barred from further involvement in Binance’s day-to-day operations. Although his future plans remain uncertain, he has expressed interest in pursuing philanthropic endeavors.
*This is not investment advice.
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Source: https://www.bitcoinsistemi.com/cznin-cezaevinden-ciktigina-dair-iddialar-var-iste-kripto-efsanesinin-guncel-serveti/
