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(source: daily economic news)

on september 27, local time, changpeng zhao, the former richest man in china and founder of binance, was released two days before the official release date (september 29) (if the release date falls on a weekend, the prisoner will be released early). on april 30 this year, zhao changpeng was sentenced to four months in prison in the united states.

previously, u.s. prosecutors stated in a court document on april 23, local time, that zhao changpeng should serve 36 months in prison after admitting to violating anti-money laundering laws. changpeng zhao resigned as ceo of binance in november last year, when he admitted violations and the company agreed to accept a $4.32 billion fine.

changpeng zhao was born in lianyungang, jiangsu province and is a chinese-canadian entrepreneur. in 2017, changpeng zhao founded binance and quickly became a global cryptocurrency exchange, providing a trading platform for more than 150 cryptocurrencies. at the end of 2021, against the backdrop of the surge in bitcoin and other cryptocurrencies, changpeng zhao became the richest chinese man with a net worth of us$94.1 billion (approximately 634.8 billion yuan).

in 2023, as the price of bitcoin recovered, changpeng zhao's wealth exploded, far exceeding the fine binance agreed to pay to u.s. authorities. according to the "2024 forbes global billionaires list" released on april 3 this year, zhao changpeng ranked 50th with a net worth of us$33 billion (approximately rmb 231.4 billion).