How Changpeng Zhao Regained Power Between Prison and Pardon

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Binance co-founder Changpeng “CZ” Zhao has spent the past year rebuilding influence after serving four months in prison for violating US Anti-Money Laundering (AML) rules.

Binance paid a $4.3-billion penalty fine; Zhao himself paid a $50-million criminal fine. He also received a lifetime ban from holding an executive position at the exchange.

Over the year that followed his release in September 2024, Zhao resurfaced with government advisory roles. He moved memecoins with his X posts and fended off claims by The Wall Street Journal that he was…



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How Changpeng Zhao Regained Power Between Prison and Pardon


Binance co-founder Changpeng “CZ” Zhao has spent the past year rebuilding influence after serving four months in prison for violating US Anti-Money Laundering (AML) rules.

Binance paid a $4.3-billion penalty fine; Zhao himself paid a $50-million criminal fine. He also received a lifetime ban from holding an executive position at the exchange.

Over the year that followed his release in September 2024, Zhao resurfaced with government advisory roles. He moved memecoins with his X posts and fended off claims by The Wall Street Journal that he was…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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