Michael Saylor: CZ Binance is Going to Jail! Don’t PANIC! BTC PRICE PREDICTION

Binance founder and former CEO Changpeng “CZ” Zhao was sentenced to four months in federal prison on Tuesday. Zhao pleaded guilty to money laundering violations as part of Binance’s agreement with the United States Department of Justice, allowing the company to settle legal troubles and continue operating under a new CEO.

Zhao is the second crypto executive to receive jail time in 2024, joining the founder of FTX Sam Bankman Fried, although CZ’s situation is less gloomy. While FTX pulls itself out of bankruptcy and SBF settles in for a 25-year sentence, Binance and CZ are expected to grow their fortunes during the prison sentence.

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