One of the important figures in the cryptocurrency world Changpeng Zhao, founder of Binance (CZ) was released after serving his four-month prison sentence. Zhao’s releaseis considered an important development for both investors and crypto exchanges.

Following the investigation, Zhao was sentenced to four months in prison in the US. Research Money laundering by Binance it turned out that he had broken the law. Zhao admitted to the Justice Department’s allegations A fine of 50 million dollars He agreed to pay and promised not to participate in the management of the fair again.

Zhao is the 25th richest person in the world

Binance In reaching a $4.3 billion settlement with the government, it agreed to pay a significant fine for its past violations. Zhao currently still owns 90% of Binance, which makes him 25th richest person in the world puts it in place.

Shortly after his release, Zhao started his new venture ‘Giggle Academy’he announced. Zhao began team-building efforts for the project’s development. The goal of Giggle Academy is to cryptocurrency Increasing awareness by providing training in the field. It is expected that Zhao will make a new start in his career.