Changpeng Zhao named the richest prisoner in US history

The record-breaking rise in the price of Binance 's token, BNB, has made its founder Чанпен Чжао" href="https://noworries.news/biography/chanpen-chzhao/" data-bio-id="3681">Changpeng Zhao (CZ) the richest person ever to serve time in a US federal prison. The cryptocurrency hit a new high in the first week of CZ’s four-month prison sentence.

on June 4, Zhao arrived at the prison in California, and on June 5, the price of BNB peaked at $ 717, raising its market capitalization to $ 109 billion. According to CoinGecko, the token has more than doubled in price since the beginning of the year.

BNB holders receive discounts on trading fees on Binance and also use the token to make payments on the BNB Smart Chain. Demand for the token is also growing due to the need to purchase it to participate in Launchpool, Launchpad, Simple Earn, and other Binance investment programs.

Zhao’s fortune is estimated at $ 38.5 billion by Bloomberg and $ 33 billion by Forbes. In 2021, Zhao said in an interview with the Associated Press that most of his wealth comes from BNB.

According to the Bloomberg Billionaires Index, he ranks 40th on the list of the world’s richest people, and in 2024 his fortune increased by $ 4.1 billion. Zhao is currently ranked 48th in the Forbes ranking.

As a reminder, the former Binance CEO pleaded guilty to money laundering and admitted that he failed to implement proper KYC/AML procedures at Binance. The judge took into account the fact that CZ «has taken significant steps to cooperate with law enforcement agencies».