Former Binance CEO Changpeng Zhao Still Worth $15 Billion Despite Guilty Plea: ForbesDisclosure: Crypto is a high-risk asset class. Former Binance CEO Changpeng Zhao, commonly known as CZ, is still worth $15 billion despite recently pleading guilty to federal money laundering charges. On Tuesday, the crypto boss acknowledged his violation of US regulations and evasion of sanctions laws in his pursuit of crypto market dominance. Forbes estimates that CZ’s approximate 90% stake in Binance, which constitutes the majority of his wealth, is now valued at around $15 billion. They’re still operational.”As reported, new Binance CEO Richard Teng has hinted at the exchange’s ability to pay the $4.3 billion it has been fined by the US Justice Department.

Source: Forbes November 23, 2023 20:12 UTC