Binance co-founder CZ free — What’s next and what it means for crypto
After four months in jail and social media discretion, CZ is free. What’s next for the former crypto titan who led Binance to the top?
Changpeng Zhao, co-founder and former CEO of Binance — commonly known as CZ — fulfilled on Sept. 27 his four-month sentence for failing to maintain an effective Anti-Money Laundering (AML) program at the Binance cryptocurrency exchange.
Zhao’s options may seem limitless as he’s amassed a personal fortune of $60 billion, placing him as the 25th-wealthiest person in the world.
One thing is for certain: Zhao will not be returning to Binance. According to Binance’s plea agreement filed on Nov. 21, the crypto firm agreed that Zhao was prohibited from “any present or future involvement in operating or managing” the exchange.
Go to Source
Author: Daniel Ramirez-Escudero
