Changpeng Zhao (CZ) is still awaiting a prison sentence despite last month’s US court ruling against him for a four-month prison term on money laundering charges.
Changpeng Zhao (CZ) is the former CEO and co-founder of the crypto exchange Binance. Recently, a judge in the US handed down a four-month prison sentence against him for unauthorizedly operating the crypto exchange Binance, which helped people transfer money to/from the US without any KYC documents. However, Binance and former CEO CZ were indicted, but there was no evidence against these allegations. It was CZ who admitted all the accusations and mistakes he and his crypto company Binance had made in the past.
On May 16, 2024, Protos reported that the former CEO of Binance was still out of jail because the US Marshalls did not immediately arrest him. Instead, the judge chose a fairly lenient option for him. Now he is waiting to hear from the Probation Office or the Pretrial Services Office.
Binance vs WSJ
This is a bitter reality that majority of mainstream media uses the word ‘Binance’ in their news title regarding Cryptocurrency reports, to get huge numbers of clicks for their reports.
Recently, Binance co-founder and head of customer service Yi spoke about such concerns and criticized the Wall Street Journal (WSJ) for negative coverage surrounding crypto exchange Binance, but at the same time said that WSJ’s negative coverage helped Binance to free get marketing.
She also said that these media companies are now failing to report against the players who support illegal crypto services.
She mainly wondered why the majority of mainstream media is calm towards the now defrauded crypto gambling platform ZKasino.
Also read: Former world kickboxing champion Andrew Tate will buy Bitcoin
