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CoinOtag
2024-06-16 21:02:04

BNB’s Future in Question as CZ Dominates Ownership Amid Legal Woes

BNB’s Future in Question as CZ Dominates Ownership Amid Legal Woes

Changpeng Zhao (CZ), the former CEO of Binance, has been sentenced to four months in prison for violating anti-money laundering regulations. Despite his legal troubles, CZ still holds a significant influence on Binance Coin (BNB), which is integral to the platform’s ecosystem. According to Forbes, Zhao retains 64% of BNB’s circulating supply, raising questions about

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