The Four Kings of Cryptocurrency

  • 1️⃣Sam Bankman-Fried (SBF): The founder of FTX exchange, who once attracted much attention for the cryptocurrency exchange FTX he founded. However, due to FTX's bankruptcy and a series of legal issues, SBF is currently facing serious legal charges and imprisonment.

  • 2️⃣Vitalik Buterin (V God): The founder of Ethereum and an important figure in the field of blockchain technology. He has made great contributions to the development and promotion of Ethereum, and is also known as one of the "Four Heavenly Kings" in the currency circle for his technical strength and foresight.

  • 3️⃣Changpeng Zhao (CZ): The founder of Binance, a leading figure in the field of cryptocurrency exchanges. Binance has a huge user base and trading volume worldwide, making Changpeng Zhao an important figure in the cryptocurrency circle.

  • 4️⃣Justin Sun: The founder of TRON and an influential figure in the cryptocurrency world. He has not only made achievements in the development of blockchain technology, but also actively promoted the application of blockchain technology in various fields.

  • Two of the Four Heavenly Kings are still in prison, but CZ will be released on September 29!

SBF

As of the current time (September 26, 2024), SBF (Sam Bankman-Fried), one of the four kings, was officially sentenced to prison on March 28, 2024. According to public information, SBF was sentenced to 25 years in prison by U.S. District Judge Lewis A. Kaplan in the Manhattan Federal Court for seven counts of conspiracy to defraud and conspiracy to launder money, and confiscated more than $11 billion in assets.

CZ

Zhao Changpeng was sentenced to four months in prison for suspected money laundering in his cryptocurrency exchange. The sentence was made by the U.S. Federal Court in Seattle on April 30, 2024, when Zhao Changpeng was sentenced to four months in prison.

If everything goes well, Zhao Changpeng will be released from prison and return to society on September 29, 2024. This information is based on the date Zhao Changpeng was sentenced and the length of time he served.

During Zhao Changpeng's imprisonment, he went through the entire process from arrest, guilty plea to sentencing. He admitted that he failed to maintain an effective anti-money laundering program and resigned as CEO of Binance. As part of the plea agreement, Binance also agreed to pay a huge fine.

The impact of the two kings’ release from prison on the cryptocurrency circle

  1. CZ Gets Out of Jail:

    Boosting market sentiment: As the founder of Binance, CZ’s release from prison will undoubtedly boost market sentiment in the short term. In addition, the market is still in a period of interest rate cuts recently, and it is very likely that the positive sentiment of CZ’s release from prison will bring the bull market forward!

    Enhance investor confidence: CZ has a huge influence in the cryptocurrency industry. His release from prison may enhance investors' confidence in the entire cryptocurrency market, believing that the industry is gradually moving towards formalization and standardization.

  2. SBF is released from prison (assuming it happens in the future):

    Complex impact: Compared with CZ, SBF's release from prison may have a more complex impact on market sentiment. On the one hand, his release from prison may mean that the FTX incident is gradually coming to an end, reducing market uncertainty; on the other hand, since SBF's fraudulent behavior has brought a serious crisis of trust to the market, his release from prison may cause concerns and doubts among some investors.

CZ's release date of September 29 is set in stone, and the short-term surge in the market is inevitable. How should we plan ahead? 👉 Click on the avatar to follow me, I will give detailed explanations and recommendations later!

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