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.
Image source: x.com/cz_binance
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.
During one of its observations of the Jezero Crater area, NASA's Perseverance rover witnessed a…
Aerospace company SpaceX and the US National Aeronautics and Space Administration (NASA) have completed the…
In February, Phil Spencer, head of Microsoft's gaming division, spoke about an unusual application of…
Samsung and BOE are among the world's largest display manufacturers, and they have had a…
This week, Chinese scientists published a paper in Nature reporting that they have gone beyond…
The Lingyu chip has a total of 40 cores. These are 32 general-purpose computing cores…