Ki Young Ju, CEO of blockchain analytics firm CryptoQuant, has defended former Binance CEO Changpeng Zhao (CZ) as his prison sentence nears its end. He argues that while CZ made mistakes, he also deserves respect for his contributions to the crypto industry.
Ki Young Ju, the CEO of blockchain analytics firm CryptoQuant, has expressed his support for former Binance CEO Changpeng Zhao as his four-month prison sentence nears its conclusion.His guilty plea involved not preventing money laundering on Binance , resulting in a $4.3 billion penalty for the company and a $50 million fine for Zhao himself. His imprisonment, whichthe Binance executive’s mistakes while also emphasizing his contributions. “Don’t underestimate CZ.
He further explained that the crypto sector, like other young and immature ones, has faced its share of “growing pains,” including rampant crime like hacks and frauds, which have hurt its growth. In his view, Zhao has become a scapegoat for some of the industry’s failings, but this should not overshadow his role in its development.
Binance Changpeng Zhao Cryptoquant Cryptocurrency Prison Sentence
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Binance's Changpeng 'CZ' Zhao Release Schedule Unveiled: DetailsChangpeng 'CZ' Zhao might regain his freedom on September 29
Read more »
Coinbase Premium Negative Again: What Does This Mean?CryptoQuant analyst indicates strong buying pressure on Binance (BNB) as BTC price targets $64,000
Read more »
Binance CEO Richard Teng Condemns Nigeria Over ‘Inhumane Treatment’ of Imprisoned ExecutiveCrypto Blog
Read more »
Binance Did Not Freeze Palestinian Crypto Wallets, Claims CEO TengCrypto Blog
Read more »
Binance CEO says crypto exchange saw 40% growth this year in institutional, corporate investorsCryptocurrency exchange Binance has seen a 40% increase this year in institutional and corporate investors, CEO Richard Teng told CNBC’s Lin Lin.
Read more »
Binance CEO Issues Crucial Statement to Debunk Rising FUDBinance CEO said recent FUD around exchange is false
Read more »