**News Flash: Binance Founder Released, Crypto Prices Dip**

Binance founder Changpeng Zhao was released early from custody on Sept. 27, causing slight dips in Bitcoin (BTC) and Binance’s BNB (BNB) token prices.

- Zhao holds 64% of BNB, with his net worth estimated at $61 billion in June 2024.

- Concerns about BNB centralization arose due to Zhao's vast holdings.

- Zhao's 94 million BNB tokens are now worth around $57 billion, down from June 2024's $700 per token.

In 2023, the DOJ charged Zhao with violating the Bank Secrecy Act. Following a $4 billion settlement with the SEC, BNB prices surged 7% on Nov. 21. Binance also faces three years of independent monitoring.