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Which regulatory body will pose the next major challenge to Binance by December 31, 2024?
2
Resolution / Starting Odds
US regulatory body • 25%
European regulatory body • 25%
Asian regulatory body • 25%
Other • 25%
Official announcements or credible news outlets
Story
Binance Founder CZ Set for Early Release After Serving 119 Days, Leaves with $60 Billion Fortune
Sep 27, 2024, 02:41 AM
Binance founder and former CEO Changpeng 'CZ' Zhao is set to be released from Long Beach Residential Reentry Management today, two days earlier than his scheduled release date. Zhao was sentenced to four months in prison for failing to implement an adequate know-your-customer (KYC) program at Binance, violating the US Bank Secrecy Act. He has served 119 days in prison. His early release is due to a weekend policy that allows prisoners to leave early if their release date falls on a weekend. Binance remains stable despite Zhao's absence, and he is expected to reunite with his family soon. Zhao leaves prison with his $60 billion fortune.
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Fine • 25%
License Revocation • 25%
Operational Restriction • 25%
No Action • 25%
Fine • 25%
Operational Restrictions • 25%
License Revocation • 25%
No Major Action • 25%
Fines imposed • 25%
Operational restrictions • 25%
No significant actions • 25%
Other regulatory actions • 25%
Fines imposed • 33%
Operational restrictions • 33%
No new measures • 34%
SEC (U.S.) • 25%
ESMA (Europe) • 25%
FCA (U.K.) • 25%
Other • 25%
Introduce new charges • 25%
Drop existing charges • 25%
Reach a settlement • 25%
No significant action • 25%
Additional fines • 25%
License granted • 25%
No further actions • 25%
Other actions • 25%
CFTC only • 25%
SEC only • 25%
Both CFTC and SEC • 25%
Other regulatory body • 25%
India • 25%
Brazil • 25%
Germany • 25%
Other • 25%
SEC • 25%
CFTC • 25%
Federal Reserve • 25%
Other • 25%
Federal Reserve • 25%
Office of the Comptroller of the Currency (OCC) • 25%
Consumer Financial Protection Bureau (CFPB) • 25%
Other • 25%