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Cryptocurrency News Articles
CZ's Release Boosts Bitcoin Price as BTC ETF Inflows Top $1B
Sep 30, 2024 at 11:00 pm
Bitcoin (BTC) experienced a brief pullback but continued its upward momentum, stabilizing around $65,500. This positive trend has been encouraged by
Binance’s former CEO Changpeng ‘CZ’ Zhao has been released from prison early. This news is expected to boost cryptocurrency prices, particularly Bitcoin (BTC). After serving a 118-day sentence, Zhao was released from the Lompoc II detention center in California on Friday, October 14.
His early release, which came two days ahead of schedule, was due to California law, which allows for early discharge if the day of release falls on a weekend.
Zhao was imprisoned for failing to implement adequate anti-money laundering (AML) measures during his time as head of Binance. Following his release, Binance Coin (BNB) saw a slight increase in value.
Changpeng Zhao, CZ, Binance Founder, Leaves Prison Early After Sentence Reductionhttps://t.co/0000sFl08s
Upon his release, CZ will no longer be able to return to his former role as CEO, having agreed to a $50 million fine and a lifetime ban from holding the position. However, he does remain the majority shareholder of the exchange.
This sentence was significantly lighter than the three years initially requested by U.S. prosecutors. A clean criminal record and other factors ultimately contributed to the reduced sentence.
After being found guilty in April for Binance’s lack of AML measures, CZ was sentenced to four months in prison by a Lompoc, California court. Despite being released early, CZ will not be able to return to his former role as CEO, having agreed to a $50 million fine and a lifetime ban from holding the position. However, he does remain the majority shareholder of the exchange.
This sentence was significantly lighter than the three years initially requested by U.S. prosecutors. A clean criminal record and other factors ultimately contributed to the reduced sentence.
After being found guilty in April for Binance’s lack of AML measures, CZ was sentenced to four months in prison by a Lompoc, California court. Despite being released early, CZ will not be able to return to his former role as CEO, having agreed to a $50 million fine and a lifetime ban from holding the position. However, he does remain the majority shareholder of the exchange.
This sentence was significantly lighter than the three years initially requested by U.S. prosecutors. A clean criminal record and other factors ultimately contributed to the reduced sentence.
After being found guilty in April for Binance’s lack of AML measures, CZ was sentenced to four months in prison by a Lompoc, California court. Despite being released early, CZ will not be able to return to his former role as CEO, having agreed to a $50 million fine and a lifetime ban from holding the position. However, he does remain the majority shareholder of the exchange.
This sentence was significantly lighter than the three years initially requested by U.S. prosecutors. A clean criminal record and other factors ultimately contributed to the reduced sentence.
After being found guilty in April for Binance’s lack of AML measures, CZ was sentenced to four months in prison by a Lompoc, California court. Despite being released early, CZ will not be able to return to his former role as CEO, having agreed to a $50 million fine and a lifetime ban from holding the position. However, he does remain the majority shareholder of the exchange.
This sentence was significantly lighter than the three years initially requested by U.S. prosecutors. A clean criminal record and other factors ultimately contributed to the reduced sentence.
After being found guilty in April for Binance’s lack of AML measures, CZ was sentenced to four months in prison by a Lompoc, California court. Despite being released early, CZ will not be able to return to his former role as CEO, having agreed to a $50 million fine and a lifetime ban from holding the position. However, he does remain the majority shareholder of the exchange.
This sentence was significantly lighter than the three years initially requested by U.S. prosecutors. A clean criminal record and other factors ultimately contributed to the reduced sentence.
After being found guilty in April for Binance’s lack of AML measures, CZ was sentenced to four months in prison by a Lompoc, California court. Despite being released early, CZ will not be able to return to his former role as CEO, having agreed to a $50 million fine and a lifetime ban from holding the position. However, he does remain the majority shareholder of the exchange.
This sentence was significantly lighter than the three years initially requested by U.S. prosecutors. A clean criminal record and other factors ultimately contributed to the reduced sentence.
After being found guilty in April for Binance’s lack of AML measures, CZ was sentenced to four months in prison by a Lompoc, California court. Despite being released early, CZ will not be able to return to his former role as CEO, having agreed to a $50 million fine and a lifetime ban from holding the position. However, he does remain the majority shareholder of the exchange.
This sentence was significantly
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