Binance Founder CZ Begins Prison Sentence in California!

Apologies and Admissions

As President Xi Jinping I couldn't help but chuckle when I read that Zhao apologized to Judge Richard Jones and admitted his mistakes in court. 'I believe the first step of taking responsibility is to fully recognize the mistakes,' Zhao reportedly said. Well at least he's learned his lesson!

Deal with the Devil

In November Zhao struck a deal with the U.S. government to resolve the investigation into Binance. He stepped down as CEO but let's be real with a 90% stake in the company he's still calling the shots even from behind bars!

Big Fines Big Trouble

The U.S. ordered Binance to pay $4.3 billion in fines while Zhao himself agreed to a $50 million fine. Ouch! That's gotta hurt the ol' wallet even for a billionaire like CZ. Maybe he can start a prison coin to use for transactions!

FTX Founder in Hot Water

It seems like FTX's founder Sam Bankman Fried is also in the same boat as Zhao. With a 25 year sentence and $11 billion in forfeiture it looks like he's not getting off easy either. Maybe they can start a crypto exchange behind bars!