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Binance founder CZ is the latest crypto character to go to jail | TechCrunch Minute

Binance founder, Changpeng Zhao, pled guilty to failing to maintain an anti-money-laundering program. He’s now been sentenced to four months in prison and agreed to pay a $50 million fine. Between Binance’s money laundering and FTX’s fraud scandal, can crypto be trusted now that these bad actors are in jail? Some folks view crypto as…

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Binance founder, Changpeng Zhao, pled guilty to failing to maintain an anti-money-laundering program. He’s now been sentenced to four months in prison and agreed to pay a $50 million fine. Between Binance’s money laundering and FTX’s fraud scandal, can crypto be trusted now that these bad actors are in jail? Some folks view crypto as a silly, get-rich-quick gambit. Others view blockchains as the future of the internet and computing itself. But we’re learning where there’s potential to change the world, there is also a lot of room for scammers.

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10 Comments

  1. @MikaelArhelger

    May 2, 2024 at 11:49 am

    Hilarious

  2. @impactfully5714

    May 2, 2024 at 12:37 pm

    🍰 walk for deliberately breaking the law

  3. @AlexCarter569

    May 2, 2024 at 12:38 pm

    How do most of you guys still making profit? Even with the downturn of economy and ever increasing life standards

    • @-ec9ze

      May 2, 2024 at 12:40 pm

      Well, I picked the challenge to put my finances in order. Then I invested in cryptocurrency and stocks, through the assistance of my discretionary fund manager

    • @-ec9ze

      May 2, 2024 at 12:41 pm

      Mrs Caroline Arnold

    • @HarryEidem

      May 2, 2024 at 12:41 pm

      The first step to successful investment is figuring your goals and risk tolerance either on your own or with the help of a financial professional but it’s very advisable you make use of professional

    • @Cody_Casey

      May 2, 2024 at 12:41 pm

      Yeah that’s right I think it’s right to invest with professional at least it saves the trauma of too much loses

    • @KelvinByrd233

      May 2, 2024 at 12:41 pm

      Isn’t she the same Mrs Caroline Arnold that my neighbors are talking about, she has to be a perfect expect for people to talk about her so well.

  4. @destinyglitches9519

    May 2, 2024 at 12:44 pm

    Just the cost of doing business for con artists

  5. @coinvest0

    May 6, 2024 at 2:11 am

    CZ is a fraud, I hope he disappears from the crypto sector forever!

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