Changpeng Zhao, the founder of Binance, has been released after serving a four-month prison sentence for failing to implement an effective anti-money laundering program. Despite stepping down as CEO, he remains Binanceâs largest shareholder. At the time of his release, Binanceâs native token, BNB, showed a positive market trend, rising above $600.
Zhaoâs deal included a $50 million fine and an admission of Binanceâs compliance issues. Following his release, he said he would focus on a new education venture called Giggle Academy, which aims to provide free and gamified learning opportunities.#bnb #cz $BNB
