TL;DR
- Changpeng Zhao, known as CZ and founder of Binance, will be released from prison on September 29, 2024. After facing charges related to financial regulation violations.
- Binance has announced the addition of three new tokens to its platform: First Neiro (NEIRO) on Ethereum. Turbo (TURBO), and Baby DogeCoin (1MBABYDOGE), which will be available starting September 16.
- The release of Zhao and the launch of new tokens mark a crucial moment for Binance. Which has continued operating under the leadership of Richard Teng during Zhao’s absence.
Changpeng Zhao (CZ), founder of Binance, will be released from prison on September 29, 2024, according to the U.S. Federal Bureau of Prisons.
Known in the crypto industry as CZ, Zhao has been a central figure in the global expansion of Binance, one of the largest exchanges in the world. At 47 years old and registered under the number 88087-510, Zhao has been in prison due to charges related to financial regulation violations and non-compliance with regulatory requirements in various countries.
CZ’s situation has highlighted that even the most prominent figures in the cryptocurrency industry are not exempt from facing laws and regulations. Despite the controversy and scrutiny Binance and its founder have faced, the company has continued to operate during his absence, adjusting to changes and imposed penalties. Richard Teng has taken on the role previously held by CZ.
Binance Continues to Operate Actively Without CZ Leadership
Binance has announced the addition of three new tokens to its platform. The tokens in question are: First Neiro (NEIRO) on Ethereum, Turbo (TURBO), and Baby DogeCoin (1MBABYDOGE). Trading for these tokens will begin on September 16, 2024, at 10:00 AM (UTC). The expansion of the token offerings on the exchange will allow users to trade with new trading pairs. Providing more opportunities in the crypto market.
With the arrival of these new digital assets and the imminent release of its founder, CZ. Binance is at a crucial moment that could define its future direction. The crypto community will be watching closely to see how the situation develops following Zhao’s release.
