Binances assets have grown significantly under this latest crypto boom,Bloombergreports.
Binance was founded in 2017 by Zhao, quickly becoming the worlds largest cryptocurrency exchange a year later.
However, prosecutors alleged that Binances lack of safeguards enabled criminals to transmit millions of dollars through the platform.
Photo: Ben McShane/Sportsfile for Web Summit (Getty Images)
An intense legal battle broke out between U.S. regulators and Binance in the last few years.
Zhao claimed his crypto exchange was a global company and that the U.S. law does not control the world.
However, prosecutors made the argument that Binance specifically targeted Americas lucrative customer base while ignoring American laws.
Aconcept paperfor Giggle Academy reveals it aims to gamify education by making learning addictive.
The paper lists Giggle Academys funding source in a single sentence: This project is funded by CZ.
The punishments for CZs crimes are pretty minimal, relative to what happened to FTX and Sam Bankman-Fried.
CZ is paying a financial penalty that ultimately amounts to a slap on the rest for the multi-billionaire.
After the four-month sentence, CZ seems like hell be back in the world doing tech billionaire things.
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