#CZAMAonBinanceSquare

Changpeng Zhao (CZ) - Binance Founder

Changpeng Zhao, commonly known as CZ, is a Chinese-Canadian entrepreneur best known as the founder and former CEO of Binance, the world's largest cryptocurrency exchange by trading volume.

Key Facts:

Born1977, Jiangsu, ChinaNationalityCanadianNet WorthEstimated at $10-30 billion (varies with crypto markets)Known ForFounding Binance (2017)

Career Highlights:

* 2017: Founded Binance in China, which quickly became the world's largest crypto exchange

* 2017-2023: Served as CEO of Binance

* July 2023: Stepped down as CEO following a settlement with US authorities

* November 2023: Pleaded guilty to US federal charges related to anti-money laundering violations; sentenced to 4 months in prison in 2024

Legal Issues:

CZ and Binance faced significant legal challenges from US authorities, including:

* SEC lawsuit alleging securities violations

* DOJ charges for violating the Bank Secrecy Act and sanctions violations

* Binance agreed to pay over $4 billion in settlements

* CZ personally paid a $50 million fine and served a brief prison sentence

Current Status:

After serving his sentence, CZ remains a major figure in the crypto space. He has expressed intentions to focus on education (via his Giggle Academy project) and philanthropy, though he remains Binance's largest shareholder.

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