The founder of the Binance cryptocurrency exchange, Changpeng Zhao, was recently released from custody in the United States, where he was serving a four-month sentence in a light security correctional facility.
Zhao was sentenced to prison following a federal investigation that found that the world’s largest cryptocurrency exchange, Binance, failed to curb large-scale criminal activity on the platform. The head of Binance pleaded guilty to charges brought by the Department of Justice, paid a fine of $50 million and pledged never to hold a leadership position at Binance again.
The crypto exchange itself was forced to pay compensation to the US government in the amount of $4.3 billion – one of the largest corporate fines in the history of the country. At the same time, Changpeng Zhao still owns 90% of the shares of Binance and ranks 25th in the ranking of the richest people in the world, owning a fortune of $61 billion. Shortly before the verdict, the businessman spoke about his new project – this is the educational platform Giggle Academy, which is not intended to generate income . Now he will be able to work in a new company that is actively recruiting employees.
OpenAI is planning a funding round next week to raise $7 billion, which could bring…
The capabilities of drone swarm behavior are best demonstrated in large-scale air shows, when hundreds…
Reuters, citing The New York Times, shared further rumors about the upcoming new round of…
So far, the actions of the Chinese authorities are more consistent with the concept of…
September 4, 2024 Played on PC Classic strategies - those about building a base and…
Microsoft's recently introduced new version of Outlook for Windows has raised privacy concerns. As reported…