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Binance faces new regulatory action by end of 2024?
5
Resolution / Starting Odds
Yes • 50%
No • 50%
Official statements from government regulatory bodies or verified media reports
Story
Binance Founder Changpeng Zhao Begins Four-Month Prison Sentence in California
May 31, 2024, 09:17 PM
Changpeng Zhao, founder and former CEO of Binance, has begun serving a four-month prison sentence at a low-security federal prison in Lompoc, California. Zhao, often referred to as CZ, was sentenced after pleading guilty to charges of helping launder money. According to CNBC, he is expected to be released sometime in September. This marks a significant development in the ongoing legal issues surrounding the collapsed cryptocurrency exchange.
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No further actions • 25%
Fines in other countries • 25%
Operational restrictions • 25%
License revocations • 25%
Increased scrutiny and fines • 33%
No further actions • 33%
Binance secures favorable regulatory status • 34%
Increased Regulations • 33%
No Change in Regulations • 34%
Regulatory Bans • 33%
