[Lunch Briefing] Changpeng Zhao, Founder of Binance, Released from Prison After Serving 4 Months

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Bitcoin (BTC) price chart as of 1:18 PM on the 30th./Source=Bithumb
Major cryptocurrencies are in a downward trend. As of 1:18 PM on the 30th, Bitcoin (BTC) on Bithumb recorded 84,244,000 won, down 2.45% from the previous day. Ethereum (ETH) fell 1.69% to 3,431,000 won, BNB fell 3.82% to 754,500 won, Solana (SOL) fell 1.21% to 2,037,000 won, and Ripple (XRP) remained the same as the previous day at 845 won. At the same time, on CoinMarketCap, BTC recorded $64,453.60, down 1.96% from the previous day. ETH fell 1.68% to $2,626.97, BNB fell 3.69% to $576.71, SOL fell 1.07% to $156.04, and XRP traded at $0.6459, up 5.32%. The total market capitalization of cryptocurrencies fell 1.73% from the previous day to $2.27 trillion (about 2,967.57 trillion won). The Fear and Greed Index of cryptocurrency data company Alternative.me fell 2 points from the previous day to 61 points, indicating 'Greed'. Former CEO of global cryptocurrency exchange Binance, Changpeng Zhao, was released from prison after serving 4 months. According to CoinTelegraph on the 27th (local time), Zhao, the former CEO, was released from a U.S. federal prison after being imprisoned for 4 months on charges of violating anti-money laundering (AML) regulations. Zhao stepped down as CEO of Binance last November after admitting to the charges. At the time, the U.S. prosecutors had demanded a 36-month prison sentence for Zhao. The prosecutors emphasized that "the former CEO did not properly operate the AML system and provided cryptocurrency trading services to Iran and sanctioned countries." In April, the court sentenced Zhao to 4 months in prison and fined Binance $4.3 billion. Choi Jae-heon Reporter chsn12@decenter.kr < Copyright holder ⓒ Decenter, Unauthorized reproduction and redistribution prohibited >

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