Born Jiangsu: China
Other name: CZ
Alma mater: McGill University
Known above: Founder and CEO of Binance
Net worth Increase : 1.9 billion short profile
EARLY LIFE
Zhao was born in Jiangsu Province, China. In the late 1980s, Zhao moved with his family to Vancouver, British Columbia, Canada. Zhao's father was a professor in China before being branded a “pro-bourgeois intellectual” and expelled from the country. During his youth, Zhao helped support his family by working several jobs in the service industry, including as a McDonald's employee. Zhao attended McGill University in Montreal, Canada, where he majored in computer science.
after college
Zhao started working at the Tokyo Stock Exchange, developing software according to business orders. He also worked at Bloomberg Tradebook, where he was a futures trading software developer. In 2005, he moved to Shanghai and founded Fusion Systems, known as the “dual trading system”. fastest high frequency for brokers. Starting in 2013, he worked on various cryptocurrency projects, including Blockchain. and also became CTO of OKCoin. In 2017, Zhao left OKCoin to start a cryptocurrency exchange called Binance. He founded the company in July 2017, after raising $15 million in an initial coin offering. In less than eight months, Zhao grew Binance into the world's largest cryptocurrency exchange by trading volume as of April 2018. In February 2018, Forbes magazine ranked him as the world's largest cryptocurrency exchange, third on its list of the "richest people in cryptocurrency". As of 2021, his net worth is estimated at $1.9 billion. In September 2020, he was named in a lawsuit against Binance, alleging that Binance facilitated money laundering of more than $9 million and in 2023 zhao was suspected of laundering money with the very inappropriate accusation of conspiring with the Islamic terrorists Hamas al Qaeda and others. at the trial zhao failed to mention 100,000 transactions which were impossible to mention one by one. and finally Zhao turned himself in by pleading guilty and was ready to pay a fine of $4.3 billion USD and was jailed for 18 months and he was deprived of access to binance for 3 years. it's really very sad.
#justiceforcz
