30-04-2024 23:45 via businessinsider.com

The rise and fall of Changpeng 'CZ' Zhao, the ex-Binance CEO who pleaded guilty to anti-money laundering charges

Binance founder Changpeng Zhao has been sentenced to 4 months in prison.REUTERS/Darrin Zammit Lupi
Changpeng Zhao, also known as "CZ," has been one of the wealthiest people in crypto.
His rivalry with Sam Bankman-Fried nearly saw Binance save FTX from bankruptcy.
But Binance had its own issues: Zhao has pleaded guilty to anti-money laundering charges, and was sentenced to 4 months in prison.
Sam Bankman-Fried isn't the only crypto king to experience a highly public fall from grace.Changpeng Zhao
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