CryptoQuant CEO Backs Former Binance CEO Changpeng Zhao Ahead of Prison Release

- CryptoQuant CEO Ki Young Ju has expressed support for former Binance CEO Changpeng Zhao (CZ) as his four-month prison term comes to an end.

- Zhao began serving his sentence in June 2024 after pleading guilty to violating the US Bank Secrecy Act (BSA), resulting in a $4.3 billion fine for Binance and $50 million for CZ personally.

- In a recent statement, Ki Young Ju emphasized that while CZ made mistakes, he has also made great contributions to the crypto industry. 🏦

- Ju also refuted allegations from the community, asserting that Binance does not use customer funds and that on-chain data shows differences in wallet management between Binance and FTX.

- He concluded that without Binance, the crypto space would not attract global liquidity as it does today. 🌐