Image Credit: Crypto News

Dec 27, 2023

Changpeng Zhao's Legal Challenges: $24B Wealth Surge

Changpeng Zhao gains $24B in 2023, securing 35th place on Bloomberg Billionaires Index.

Financial Triumph

Image Credit: TheStreet

Zhao's journey from Binance's successful ICO in 2017 to a guilty plea for money laundering in 2023.

From CEO Success to Guilty Plea

Image Credit:  The Block

Stepping down as CEO, Zhao maintains financial stakes through a proxy voting setup.

Resignation and Proxy Setup

Image Credit: Reuters

Richard Teng takes over as Binance CEO amidst legal settlements and a $4.3B DOJ agreement.

Leadership Shift

Image Credit: Mint

Zhao barred from active involvement in Binance for three years, with a monitor appointed post-settlement.

Image Credit: New York Post

Three-Year Ban

Zhao disputes Bloomberg's reporting, labeling it "fake news" in April 2023.

Bloomberg's Net Worth Controversy

Image Credit: The Information

Despite legal battles and leadership exit, Zhao's personal wealth notably increases, defying the challenges faced over the year.

Wealth Amidst Turmoil

Image Credit: The Economist