{"id":30063,"date":"2024-09-28T16:30:58","date_gmt":"2024-09-28T13:30:58","guid":{"rendered":"https:\/\/coinengineer.net\/blog\/?p=30063"},"modified":"2024-09-28T13:24:13","modified_gmt":"2024-09-28T10:24:13","slug":"binance-founder-changpeng-zhao-released-early-bitcoin-and-bnb-prices-dip-slightly","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/binance-founder-changpeng-zhao-released-early-bitcoin-and-bnb-prices-dip-slightly\/","title":{"rendered":"Binance Founder Changpeng Zhao Released Early, Bitcoin and BNB Prices Dip Slightly"},"content":{"rendered":"<p>On September 27, <strong>Binance<\/strong> founder <strong>Changpeng Zhao<\/strong> was released from custody after being detained for questioning after the crash; this caused both the <strong>Bitcoin<\/strong> price and the BNB price to decrease slightly. While holding 64% of the total supply of BNB, Zhao came under criticism for token centralization after a Forbes article in June 2024 valued his personal worth at $61 billion and ranked him as the 24 th richest man in the world.<\/p>\n<p>Although Zhao\u2019s holding 94 million BNB tokens worth roughly $57 billion is still significantly lower from its June 2024 high of $700 per BNB.<\/p>\n<p><strong>The United States Department of Justice (DOJ)<\/strong> accused Zhao and Binance of BSA noncompliance in 2023 along with many other accusations. As the United States regulators anticipated, the reports regarding Zhao and Binance\u2019s legal troubles affect the cryptocurrency trading.<\/p>\n<p>BNB\u2019s price rose by 7% in 24 hours within 21 of November after the report of a $4 billion settlement between binance and the SEC. The whole settlement was equated to $4.3 billion for Binance and $50 million for Zhao. Under the terms of the settlement, the next three years will constitute Binance\u2019s compliance with the findings of the Forensic Risk Alliance.<\/p>\n<p><i><span style=\"font-weight: 400;\">You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don\u2019t forget to follow us on our<\/span><\/i><a href=\"https:\/\/t.me\/coinengineernews\"> <i><span style=\"font-weight: 400;\">Telegram,<\/span><\/i><\/a><a href=\"https:\/\/www.youtube.com\/@CoinEngineer\"><i><span style=\"font-weight: 400;\"> YouTube<\/span><\/i><\/a><i><span style=\"font-weight: 400;\">, and<\/span><\/i><a href=\"https:\/\/twitter.com\/coinengineers\"> <i><span style=\"font-weight: 400;\">Twitter<\/span><\/i><\/a><i><span style=\"font-weight: 400;\"> channels for the latest<\/span><\/i><a href=\"https:\/\/coinengineer.io\/news\/\"> <i><span style=\"font-weight: 400;\">news<\/span><\/i><\/a><i><span style=\"font-weight: 400;\"> and updates.<\/span><\/i><\/p>\n","protected":false},"excerpt":{"rendered":"<p>On September 27, Binance founder Changpeng Zhao was released from custody after being detained for questioning after the crash; this caused both the Bitcoin price and the BNB price to decrease slightly. While holding 64% of the total supply of BNB, Zhao came under criticism for token centralization after a Forbes article in June 2024<\/p>\n","protected":false},"author":6,"featured_media":29358,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9,657,1],"tags":[22,61,1809,8815],"class_list":["post-30063","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news","category-en","category-genel","tag-binance","tag-bitcoin","tag-changpeng-zhao","tag-the-united-states-department-of-justice-doj"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Binance Founder Changpeng Zhao Released Early, Bitcoin and BNB Prices Dip Slightly - Coin Engineer<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/coinengineer.net\/blog\/binance-founder-changpeng-zhao-released-early-bitcoin-and-bnb-prices-dip-slightly\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Binance Founder Changpeng Zhao Released Early, Bitcoin and BNB Prices Dip Slightly - Coin Engineer\" \/>\n<meta property=\"og:description\" content=\"On September 27, Binance founder Changpeng Zhao was released from custody after being detained for questioning after the crash; this caused both the Bitcoin price and the BNB price to decrease slightly. While holding 64% of the total supply of BNB, Zhao came under criticism for token centralization after a Forbes article in June 2024\" \/>\n<meta property=\"og:url\" content=\"https:\/\/coinengineer.net\/blog\/binance-founder-changpeng-zhao-released-early-bitcoin-and-bnb-prices-dip-slightly\/\" \/>\n<meta property=\"og:site_name\" content=\"Coin Engineer\" \/>\n<meta property=\"article:published_time\" content=\"2024-09-28T13:30:58+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-09-28T10:24:13+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/09\/ce.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1920\" \/>\n\t<meta property=\"og:image:height\" content=\"1080\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Tanju Akb\u0131y\u0131k\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Tanju Akb\u0131y\u0131k\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/coinengineer.net\/blog\/binance-founder-changpeng-zhao-released-early-bitcoin-and-bnb-prices-dip-slightly\/\",\"url\":\"https:\/\/coinengineer.net\/blog\/binance-founder-changpeng-zhao-released-early-bitcoin-and-bnb-prices-dip-slightly\/\",\"name\":\"Binance Founder Changpeng Zhao Released Early, Bitcoin and BNB Prices Dip Slightly - 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