The post Binance Founder CZ Posted First Tweet Since Released From Prison appeared on BitcoinEthereumNews.com.

Key Points: Binance founder CZ marked his return to social media with a tweet greeting the crypto community, which quickly gained over 1 million views in just one hour. CZ was released from a California correctional facility after completing a four-month sentence related to inadequate anti-money laundering practices. Binance founder CZ has been released from a California correctional facility after serving a four-month sentence for failing to institute adequate anti-money laundering processes at the cryptocurrency exchange. Read more: CZ BNB Holdings Account For 64% Of Circulating Supply, Forbes Reveals First Post-Prison Tweet from Binance Founder CZ Following his release, the first tweet from Binance founder CZ in four months came with a simple “gm” to greet the crypto community. The tweet generated quite some excitement, gathering more than 1 million views in one hour. Zhao was released after pleading guilty in November to charges brought by the Department of Justice. Scott Taylor, a reporter at the Bureau of Prisons, said Zhao had been released from Long Beach halfway house in California. In June CZ was ordered to report to a low-security facility to begin serving his sentence, part of a plea deal related to serious allegations about how Binance operated since its founding in Shanghai in 2017. The exchange has grown to a global operation that facilitates trillions of dollars in trades each year. Guilty Plea Involves Millions of Dollars in Personal Fine Binance founder CZ pleaded guilty to a personal fine of $50 million. Other than that, Binance was asked to pay an incredible amount of $4.3 billion while settling the case involving a long list of anti-money laundering and sanction laws violations. As a result of the settlement, Zhao stepped down as chief executive of Binance and is prohibited from ever serving as an officer with the firm…

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Filed under: News - @ September 28, 2024 4:27 am