On December 18, local time,The U.S. Commodity Exchange Commission (CFTC) announced an implementation of 28500 million US dollars (about 20.4 billion yuan) penalty. In addition to the 43 that was agreed with the U.S. Department of Justice not long agoUS$6.6 billion (about 31.2 billion yuan) settlementAt present, Binance and Changpeng Zhao have paid a total of 721.6 billion US dollars (about 51.5 billion yuan).
In fact, at the end of November, Changpeng Zhao had already reached a settlement agreement with the U.S. Department of Justice, agreeing to plead guilty to criminal and civil charges and resign as Binance's CEO in exchange for Binance being able to continue operating in the United States. At the same time, Binance pleaded guilty and agreed to pay a total of $4.3 billion in fines.
At the time, Changpeng Zhao said, "Today, I am stepping down as CEO of Binance. Admittedly, emotional letting go is not easy. But I know it's the right thing to do. I made a mistake and I have to take responsibility. It's the best for our community, Binance, and myself. "Binance is no longer a baby. It's time for me to let it go, run. I know that Binance will continue to grow and stand out with its strong reserves. ”
Source: Screenshot of Changpeng Zhao's social **.
According to the report, Binance and Changpeng Zhao have paid a total of 72$1.6 billion. Despite the sky-high fines, the future of Binance and Changpeng Zhao is still uncertain.
In March 2023, the U.S. Commodity Exchange Commission (CFTC) filed charges against Binance and Changpeng Zhao on the grounds that Binance, under Changpeng Zhao's instructions, actively and illegally solicited U.S. customers and traded digital asset derivatives directly on the Binance platform and quantitative trading firms. In addition, the CFTC also found that Changpeng Zhao and other senior management of Binance facilitated the customer's violation of U.S. law, including instructing the U.S. customer to evade compliance controls.
In November of this year, the U.S. Department of Justice reached a settlement agreement with Binance and Changpeng Zhao after the CFTC filed allegations. Changpeng Zhao has signed 1$7.5 billion in personal guarantees, but he can't leave the United States.
Changpeng Zhao has Emirati and Canadian citizenship. The U.S. said that given that the U.S. has no extradition treaty with the UAE and Changpeng Zhao is a billionaire with large assets, it may not be possible to ensure his return if he chooses not to return to the U.S. to face the verdict.
According to the January 2022 Bloomberg Rich List, Changpeng Zhao has a net worth of $94.1 billion, surpassed the founder of Nongfu Spring, Zhong Sui, and once became the "richest man in China".
In the recently released 2023 Hurun Report, Changpeng Zhao ranked 97th with a net worth of 45 billion yuan. Compared with the peak period, his wealth has evaporated by 589.8 billion yuan.
*: China Overseas Chinese Network, **Times.