CZ ended his four-month imprisonment in a low-security federal prison in California on September 29, 2024. This experience undoubtedly had a profound impact on him and Binance. However, just as he tried to regroup and replan his career, new legal challenges seemed to come quietly.
According to people familiar with the matter, CZ may face imprisonment again due to new charges. Although the specific content and details of the charges have not yet been made public, the news is enough to shock the entire cryptocurrency market. As the soul of Binance, CZ's every move affects the nerves of the market. If he goes to jail again, it will undoubtedly bring greater uncertainty to Binance and may also have a chain reaction on the entire cryptocurrency market.
