17:38 - 30.09.2024

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September 30, Fineko/abc.az. On September 27, the founder and former CEO of the Binance crypto exchange, Zhao Changpeng, was released from a correctional facility in California.

ABC.AZ reports that on April 30, Zhao was sentenced to four months in prison.

He was saved from a 10-year sentence by a guilty plea to money laundering and a deal with the investigation. Binance agreed to a fine of $4.32 billion, Zhao himself also paid $100 million.

According to the Bloomberg Billionaires Index, Zhao's fortune is now estimated at $31 billion, and he ranks 61st in the ranking of the richest people in the world.

By the way, in early September, the Kazakh division of Binance received official approval from the Financial Services Regulatory Committee (AFSA) to grant a full regulatory license. Thus, the company became the first digital asset management platform (Digital Asset Trading Facility - DATF), whose activities are fully regulated.