The founder of the Binance cryptocurrency exchange, Changpeng Zhao, who was recently released after a four-month sentence in a US penitentiary, intends to continue investing in the blockchain sector, as well as in artificial intelligence and biotechnology, Bloomberg writes, citing his post. on social network X.
Image source: Kanchanara/unsplash.com
«I know some of you may have a lot of questions. I won’t have all the answers. Let me cool down a little. Then I’ll figure out the next steps. There are always more opportunities in…” Changpeng said.
Last November, crypto exchange Binance was fined $4.3 billion as part of a settlement with the US Department of Justice. Zhao agreed to pay a $50 million fine and was later sentenced to four months in prison. He was released from a correctional facility in California on September 27.
In accordance with the agreement with the US Department of Justice, Zhao resigned as CEO of Binance, handing over the reins to Richard Teng. The crypto exchange has reportedly been under surveillance for a long time by the Department of Justice and the Financial Crimes Enforcement Network of the US Treasury Department.
Zhao said his new venture called Giggle Academy, a non-profit online education platform, “will be a big part of his life.” He also promised to devote more time to charity, for which he will allocate more funds. According to the Bloomberg Billionaires Index, Changpeng Zhao’s net worth is more than $30 billion.
Although there is still a week left before the release of the remake of the…
Scientists from Italy and Serbia have built a transistor from copper phthalocyanine (CuPc), a well-known…
On September 28, a technical failure occurred in the operation of Yandex services, which caused…
The former Wistron facility in India, now owned by local company Tata Electronics, suffered a…
At the end of 2022, Elon Musk was forced to buy Twitter for $44 billion,…
Blizzard Entertainment has become famous for its RPGs and RTS. But if Diablo is still…