Changpeng Zhao: Chanpeng Zhao, founder and CEO of the World’s largest cryptocurrency exchange by trading volume has recently resigned from his position as CEO and pleaded guilty to violating US anti-money laundering laws. As per the plea deal, Changpeng Zhao has agreed to pay a $50 Million fine and step down from his CEO position in Binance. He has also faced up to 18 months of prison under the federal sentencing guidelines. Check out who is Changpeng Zhao and his net worth.
Who is Changpeng Zhao?
Changpeng Zhao is a renowned Chinese-Canadian Entrepreneur and investor. He is the ex-CEO of Binance which is the world’s largest world largest cryptocurrency exchange.
Zhao was born in Jiangsu, China in 1977. Changpeng Zhao moved to Canada with his family members at 12 years of age. He completed his graduation from McGill University getting a degree in computer science in 2001.
After completing his studies, Changpeng Zhao worked as a software engineer with several companies including Fusion Systems and Bloomberg Tradebook.
In 2014, Zhao founded a Blockchain company named BijieTech that later developed a high-frequency trading platform for cryptocurrencies.
Binance Foundations and Zhao’s Net Worth
Zhao founded Binance in 2017, a cryptocurrency exchange firm that became the World’s largest crypto-exchange company by trading volume. Chanpeng Zhao’s net worth is around $23 billion which places him in the list of richest persons in the world.
Changpeng Zhao always worked against the conventional ways. He is a controversial figure in the crypto industry. While some people admire him for popularizing cryptocurrencies, others criticize him for his unusual business practices.
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