Former Chinese richest man on Forbes Wealth List - Zhao Changpeng. About to be released from prison

Once topped the Forbes Chinese richest man list with a net worth of 652.1 billion yuan

Zhao Changpeng was first known to the outside world because of the sensational anti-money laundering case in the United States in April 2024.

In 1977, Zhao Changpeng was born in an ordinary family in Jiangsu Province. At the age of 10, he immigrated to Canada with his parents and became a Chinese Canadian.

After graduating from university, Zhao Changpeng first developed a system for matching trading orders for the Tokyo Stock Exchange, and then developed futures trading software for Bloomberg Tradebook (trading platform). At the age of 27, this programming wizard has been promoted three times in less than two years, responsible for managing the company's large teams in New Jersey, London and Tokyo.

In 2005, Zhao Changpeng resigned and came to Shanghai to establish Fuxun Information Technology Company to develop high-frequency trading systems for securities companies. He then joined a cryptocurrency trading platform founded by a big man in the currency circle, and also founded Bijie Technology, a company that later became a hotbed for stamp collection fraud. Sentenced to 4 months in prison for violating the US Anti-Money Laundering Act.

This verdict caused a huge shock in the currency circle, not only because of Zhao Changpeng's identity as the founder of Binance, but also because of the far-reaching impact of this incident on the future direction of the entire digital asset field. The bigwigs in the currency circle involved Binance's failure to report more than 100,000 suspicious transactions conducted by Hamas, al-Qaeda and the Islamic State extremist organizations on its platform, and asked the court to sentence Zhao Changpeng severely.

He applied for UAE citizenship long before the incident because there is no extradition treaty with the United States and Canada. But in the end, as everyone knows, the bigwigs in the currency circle did not get out of it but were arrested and imprisoned for four months. Now that the federal court has confirmed his release date, the cryptocurrency of the current Binance exchange has a far-reaching impact on the global financial market. Some analysts say that the current US financial situation is tight, and the huge wealth accumulated by Zhao Changpeng makes it easy for him to be regarded as a fat sheep worthy of "massive slaughter".

Digital assets are once again facing a direction...