Changpeng Zhao (CZ), the founder of Binance and creator of its native token BNB, is scheduled to be released from prison on Sunday, September 29, after completing his four-month sentence.

CZ’s legal troubles began earlier this year when he was charged with violating U.S. securities laws. In response, Zhao stepped down as Binance’s CEO, and the exchange agreed to pay billions of dollars in fines as part of a settlement with the U.S. Department of Justice.

Additionally, CZ has been #BANNED from running Binance for life, according to the terms of the settlement. Richard Teng, the current CEO of Binance, confirmed this on X, reassuring the crypto community that CZ’s involvement with Binance would be limited going forward.

Despite the ban, CZ will remain a shareholder and board member of Binance, allowing him to retain significant influence, including nominating board members and executives. Some legal experts, however, suggest that the plea deal does not permanently bar CZ from eventually returning to a management role at the exchange.

In the wake of these legal setbacks, CZ had expressed a desire to step back from the entrepreneurial spotlight and remain a crypto investor. Prior to his imprisonment, he launched Giggle Academy, an online educational platform offering free lessons in finance, blockchain, English, and math to underprivileged children.

CZ had also shown interest in integrating blockchain technology into the biotech sector. Following his release, it remains to be seen how CZ will navigate the industry, though he has indicated a continued interest in areas like blockchain, artificial intelligence, and biotechnology.
$BNB $BTC

#BANNED ‼️‼️‼️
the hamster team just rolled out the number of participants banned from receiving the airdrop , which is 2.3million, claiming to have burnt their tokens ...

Do you think it was fair ,after 5 months of grinding😠😢😭 ,,drop Ur thoughts on the comment

HAMSTER KOMBAT 🐹
🚫 ACC0UNT BANNED 🚫

Thank you for your understanding
Your acc0unt has been banned due to the use of unauthorized tools, which is against our terms of service.

⚠️BOTS
Your acc0unt has been banned for using unauthorized bots. This is a violation of our terms of service

⚠️AUTO CLICKER
Your acc0unt has been banned due to the use of auto clickers. Automated tools are not allowed

⚠️CLONE APP
Your acc0unt has been banned for using cl0ne Apps. Such activities breach our guidelines and are strictly forbidden.

Imagine y0ur 3,4,5 or 6 months Hamster Kombat 🐹 account banned...just imagine it happens to y0u. Yes it could be y0u or me or anybody. just imagine
#FirstSquarePost #BinanceLaunchpoolHMSTR
#BANNED

🚨 BREAKING NEWS and ALERT🚨

⛔⛔⛔⛔⛔⛔⛔⛔⛔

🔴 BINANCE BANS OVER 668,060 ACCOUNTS 🔴

In a decisive move aimed at safeguarding the integrity of its platform, Binance has taken action against over 668,060 accounts involved in exploiting promotional activities intended for retail traders and investors.

This proactive step comes after identifying misuse of mega drops, where certain users manipulated the system by creating multiple accounts to unfairly accumulate tokens and consolidate rewards into single accounts to evade detection.

Binance, known for its robust monitoring capabilities, has detected and swiftly acted upon these manipulative practices. To reinforce fairness and security, Binance has implemented enhanced monitoring systems designed to detect and prevent such misuse effectively. Immediate account terminations have been enforced for those found exploiting platform features, ensuring that the community ecosystem remains resilient against fraudulent activities.

Furthermore, Binance encourages transparency and community involvement by offering incentives for verified reports of account misuse. This initiative underscores Binance's commitment to fostering a trustworthy and equitable cryptocurrency environment for all users. By cracking down on these practices, Binance aims to uphold the integrity of its promotions and protect the interests of genuine traders and investors.

This enforcement reflects Binance's proactive stance in maintaining a level playing field, reinforcing trust among its user base, and promoting responsible engagement within the cryptocurrency space. As the industry continues to evolve, Binance remains dedicated to implementing stringent measures that uphold fairness, transparency, and security across its platform.

#Write2Earn! #BinanceTournament #BANNED #DOGSONBINANCE #BNBChainMemecoins

🔥Some major exchange will be banned in India 🇮🇳 is that true or just a rumour 😢🤔

#BANNED #Indiacrypto

20%Indian population has invested in Crypto there hard earning money 💵 government should find solutions not to create problems
#BItcoin

🚨 THIS IS SO BAD NEWS FOR THIS RESIDENTS🚨
Cryptocurrency regulations vary significantly across different countries, with some nations imposing bans or restrictions. Here’s an accurate summary of the cryptocurrency stance in the countries you’ve mentioned:
Algeria: The use of all virtual currencies is deemed illegal.
Egypt: Cryptocurrencies are classified as “haram,” meaning they are prohibited under Islamic law.
Morocco: Engaging in transactions using virtual currencies is illegal.
Nigeria: The country has banned bank transactions in Bitcoin and other virtual currencies.
Tanzania: The Bank of Tanzania has issued advisories against the use of cryptocurrencies.
Namibia: Cryptocurrency exchanges are not permitted, and cryptocurrencies cannot be accepted as payment for goods and services.
Zimbabwe: The Reserve Bank of Zimbabwe has prohibited the use of cryptocurrencies in banking.
Costa Rica: Bitcoin and other cryptocurrencies are not recognized as legal currencies.
Bolivia: The Central Bank of Bolivia has banned the use of Bitcoin and any other non-regulated currencies.
Afghanistan: Trading in cryptocurrencies is banned.
$BTC $NOT $BONK #btc #BANNED #Badnews #MiCA #IntroToCopytrading