3 ms·
For clarity, he's paying a $50M fine; Binance is paying a multi-billion dollar fine. The latter is not measured against the "money he made", but instead the va
by mlyle 3y ago
For clarity, he's paying a $50M fine; Binance is paying a multi-billion dollar fine. The latter is not measured against the "money he made", but instead the value of Binance.
- matthewdgreen 3y agoAnd Binance will come out of this a relatively "legitimate" major player, which makes it worth the costs.
- rchaud 3y agoBinance money is effectively CZ's money, he's likely the majority owner.
- erikig 3y ago...Zhao is widely reported to have an estimated 90% stake in Binance.[1] [1] https://www.cnbc.com/2024/04/30/binance-founder-changpeng-zhao-cz-sentenced-to-four-months-in-prison-.html https://www.cnbc.com/2024/04/30/binance-founder-changpeng-zh...