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The founder of Binance is sentenced to four months in prison: he will be the richest person to go to jail in the US businessman pleaded guilty to violating US anti-money laundering laws The court has issued a sentence substantially lower than that suggested by prosecutors Binance founder Changpeng Zhao has been sentenced to four months in prison after pleading guilty to violating US anti-money laundering laws. The sentence was imposed Tuesday in Seattle by U.S. District Judge Richard Jones. The 47-year-old businessman was not immediately taken into custody and left the premises once the hearing was over. It is still unclear in which federal detention center he will serve his sentence. As Reuters points out, prosecutors had requested three years in prison after considering that the executive had launched a “Wild West” model beneficial to members of terrorist groups and other criminals who carried out operations with cryptocurrencies. Judge Jones, however, said the suggested sentence was inappropriate because it had not been proven that Zhao knew that the funds passing through the platform were related to crimes. Changpeng Zhao will spend four months in prison Today's sentencing hearing is the final chapter of a long judicial process that has had as its epicenter the activity of the most used cryptocurrency exchange in the world. The Court concluded that Zhao had put the growth of Binance before compliance with the regulations to which financial institutions in the United States are subject, which is why the platform was used for a variety of illicit activities. Between 2018 and 2022, Binance reportedly processed at least $800 million in transactions that violated US regulations. Some clients, they claim, made unauthorized transactions with residents of Iran. It is also noted that the platform has been
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$BTC Who Owns The Most Bitcoin? Satoshi Nakamoto owns the most bitcoin with an estimated 1.1 million BTC. Satoshi not only invented but also kickstarted Bitcoin, by being the first miner to create blocks of transactions. It is estimated that Satoshi mined more than 22,000 blocks starting from January 3rd, 2009, and received more than one million bitcoin in cumulative block rewards for the work. How Many Bitcoin Does Satoshi Have? As a result, Satoshi is estimated to have more than 1.1 million BTC, valued at approximately $47 billion in February 2024. This bitcoin is not stored in one address but spread across roughly 22,000 addresses. None of it was ever spent besides a few test transactions. Satoshi left the project in 2010 and hasn’t been heard from since. Individual Bitcoin Whales Tyler and Cameron Winklevoss: Following their 2008 settlement with Mark Zuckerberg for $65 million worth of Facebook shares and cash, the pair started an angel investment company. A few years later they would announce they had bought approximately $11 million worth of bitcoin at an average cost basis of $10 per coin. It’s estimated that the Winklevoss twins own ~70,000 BTC. Tim Draper: The VC titan has been interested in Bitcoin for a while; so much so that he made one initial purchase of 40,000 BTC at the Mt Gox exchange. Unfortunately, all 40,000 coins were lost in the hack and subsequent bankruptcy. However, in 2014, Mr. Draper purchased 29,656 BTC for $18.7 million at a cost basis of approximately $632 per coin. Michael Saylor: The founder and chairman of Microstrategy revealed in an October 2020 tweet that he personally held 17,732 BTC. It is reasonable to assume that he has since acquired more—being such a public Bitcoin Bull Microstrategy 214,246 Blackrock 266,102 Grayscale 318,452
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$BTC Down fall Save your money
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$BOME why not pump
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It is said that 20 billion US dollars have been frozen and Binance will stop trading Bitcoin. Now the question is: 1. What will happen to the 20 billion US dollars after it is frozen? 2. Who transferred the 20 billion US dollars and what happened? 3. If the cryptocurrency money cannot be transferred, can Russia's economy still support it?
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