{"id":138148,"date":"2024-09-29T15:03:45","date_gmt":"2024-09-29T12:03:45","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=138148"},"modified":"2024-09-29T15:03:45","modified_gmt":"2024-09-29T12:03:45","slug":"ex-binance-ceo-changpeng-zhao-shares-first-thoughts-after-prison","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/ex-binance-ceo-changpeng-zhao-shares-first-thoughts-after-prison\/","title":{"rendered":"Ex-Binance CEO Changpeng Zhao Shares First Thoughts After Prison"},"content":{"rendered":"<p>While he was calm and grateful, he <strong><a href=\"https:\/\/x.com\/cz_binance\/status\/1840265403882152232\" target=\"_blank\" rel=\"nofollow\">hinted<\/a> <\/strong>that he wouldn\u2019t answer any questions right away, saying, \u201cLet me relax a bit.\u201d Zhao shared his plans to continue investing in blockchain, artificial intelligence, biotechnology, charity and education, specifically through his Giggle Academy.<\/p>\n<p>His jail sentence followed his guilty plea in April to charges related to Binance money laundering.<\/p>\n<p>The U.S. Department of Justice investigation revealed that Binance processed over 100,000 suspicious transactions without proper oversight, enabling illegal activities such as terrorism and child exploitation.<\/p>\n<style>\n    .dark-mode .read-more {background-color: #343a40 !important;}\n<\/style>\n<div class=\"read-more pb-3 pt-3 pt-md-2 px-3 my-4 border bg-light\">\n    <h5 class=\"text-uppercase border-bottom mb-3 pb-1 d-none d-md-block\">READ MORE:<\/h5>\n    <a class=\"article row\" href=\"https:\/\/cryptodnes.bg\/en\/crypto-whale-loses-32-million-in-shocking-scam\/\" title=\"Crypto Whale Loses $32 Million in Shocking Scam\">\n        <div class=\"contentRight col-4\">\n            <span class=\"imgContainer mt-0\">\n                <img decoding=\"async\" class=\"image img-defer\" src=\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2022\/07\/empty-wallet-240x170.jpg\">\n            <\/span>\n        <\/div>\n        <div class=\"contentLeft col-8\">\n            <h4 class=\"title mb-0\">Crypto Whale Loses $32 Million in Shocking Scam<\/h4>           \n            \n        <\/div>        \n    <\/a>\n<\/div>\n<p>CZ was sentenced to four months in a low-security prison in California and was personally fined $50 million, while Binance was fined $4.3 billion. Although he stepped down as CEO in November 2023, Zhao still holds a 90% stake in Binance despite being banned from playing any active role in its operations.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Changpen Zhao, the former head of Binance took to social media just seven hours after being released from prison, posting on the X platform that he valued simple luxuries like food and fruit.<\/p>\n","protected":false},"author":7,"featured_media":23970,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[22],"tags":[],"class_list":["post-138148","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.8.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Ex-Binance CEO Changpeng Zhao Shares First 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