A fine of US$4.3 billion is the largest fine in the history of Chinese entrepreneurship.
The only thing that can be compared with this amount is Alibaba's 18.2 billion yuan fine 2 years ago, which is "only" 65% of Binance, the world's largest cryptocurrency trading platform. Even looking at the global Internet giants, the US$4.3 billion fine is one of the largest in history.
From recording a video introducing Binance in front of his Shanghai company 6 years ago to using a $4.3 billion fine and the condition of his resignation to keep Binance afloat, founder Changpeng Zhao only spent 6 years, with the support of the cryptocurrency trend. , turning Binance into the world's largest cryptocurrency trading platform with 150 million users and thousands of employees around the world, and it is also one of the most successful overseas companies.