First Cryptocurrency Statement After the Penalty from Binance Founder CZ!

The world’s largest cryptocurrency exchange CZ, founder of Binance The ongoing criminal case against him was concluded yesterday and CZ was sentenced to four months in prison.

US prosecutors C.Z. While demanding a 36-month prison sentence for CZ, the court did not accept this request and gave CZ a much lesser sentence.

CZ made his first statement after this sentence and thanked everyone who supported him during this process.

“I want to thank everyone for your interest and support throughout this process, whether it be writing a letter, showing support at X, or in any other way. “They all mean a lot to me and keep me strong.”

Referring to the project he started called Giggle Academy, CZ stated that he plans to devote most of his life to education.

“Funds SAFU!”

Finally cryptocurrency Stating that he will remain a passive investor (and owner) in the sector, CZ stated that the crypto sector has entered a new phase.

“I will remain a passive investor (and owner) in crypto. Our industry has entered a new phase. Compliance is very important.

The positive side of this whole process is that Binance is under the spotlight. And the funds are SAFU.”

I would like to thank everyone for your care and support, be it writing letters, showing support on X, or in any other form. They all mean a lot to me and keep me strong. I will do my time, conclude this phase and focus on the next chapter of my life (education).

I will remain a…

— CZ 🔶 BNB (@cz_binance) May 1, 2024

As will be remembered, Binance and its former CEO CZ, They pleaded guilty to charges of preventing money laundering and violating US sanctions as part of an agreement with the US government.

While signing one of the largest corporate agreements in US history, Binance paid 4.3 billion dollars within the scope of this agreement; As part of the agreement, CZ resigned as Binance CEO and agreed to pay a $50 million fine.

*This is not investment advice.