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The imminent release from prison for CZ, former CEO and founder of the crypto exchange Binance, could provide fertile ground for a possible bull of BNB. In particular, the cryptocurrency is now projected towards the graphical level of 600 dollars, thanks to the growing optimism within the Binance ecosystem. In the meantime, the memecoin inspired by CZ see speculative opportunities in the market. All the details below. The 4-month sentence of former Binance CEO CZ is about to end: is the BNB crypto ready to wake up? At the beginning of April, CZ, former CEO of the exchange Binance and founder of the crypto BNB, had been sentenced to 4 months in prison at a penitentiary in Seattle. The accusations against the Chinese entrepreneur naturalized Canadian were related to the alleged violation of the anti-money laundering laws through the cryptographic exchange platform. The judge Richard Jones of the United States District Court for the Western District of Washington, however, had rejected the request of the federal prosecutors, who were asking for a harsher sentence for CZ. More specifically, the prosecutors had proposed a sentence of 36 months in prison, which was eventually reduced to 4 months. A decisive impact on the reduction of the sentence was the fact that the patron of Binance had no prior criminal record until then. In fact, CZ’s lawyers, who originally proposed probation for their client, have leveraged the absence of previous convictions against him. During the process they literally stated that: “Mr. Zhao is a forty-seven-year-old who has committed the first crime. His life has been built on three pillars: devotion to family, the development of technology (and in particular of Binance) as a force for positive change in the world, and service to the common good.” The head of Binance and major holders…

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Filed under: News - @ September 11, 2024 10:27 am