Binance founder CZ receives support from crypto community as jail term starts

1. Changpeng Zhao starts prison sentence Changpeng Zhao,the founder of Binance,has begun serving a prison sentence for market manipulation charges. He was reportedly sentenced to 10 years in prison by a court in the Cayman Islands.

2. Allegations of market manipulation Zhao's prison sentence stems from allegations of market manipulation related to the listing of the cryptocurrency SFP on Binance. The charges accuse Zhao of artificially inflating the price of SFP to attract more investors.

3. Impact on Binance and the crypto industry This development has raised concerns about the reputation of Binance,one of the world's largest cryptocurrency exchanges,and its founder. It also sheds light on the regulatory scrutiny and challenges faced by the crypto industry.



source https://titdoi.com/news/Binance-founder-CZ-receives-support-from-crypto-community-as-jail-term-starts

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