BNB rises, Zhao Changpeng becomes richer after being imprisoned! Fortune Magazine: Net worth surges by US$4.1 billion in one week

Binance founder Changpeng Zhao CZ reported to a federal prison in California, USA, on June 1 to begin serving his sentence. He was previously sentenced to 4 months in prison by Judge Richard Jones on May 1 for violating U.S. anti-money laundering regulations. Because CZ voluntarily surrendered, was willing to take responsibility, had no criminal record, and had a large number of industry professionals , encrypted letters of court support from netizens, family and friends, and the final sentence was far lower than the prosecutor's request.

Although CZ is currently in prison, his net worth has not been damaged. According to Fortune magazine, his net worth has increased by US$4.1 billion in a few months.

BNB rises, CZ’s value skyrockets again

Fortune magazine revealed that in the first week of CZ’s sentence in the United States, BNB tokens rose above US$720 and hit a record high, allowing CZ to not only stabilize his position Currently the richest prison inmate in the United States, he added an additional $4.1 billion to his estimated net worth of $43 billion at the end of last year. Judging from last year's Forbes Rich List ranking, CZ's current wealth ranking is about 45-50 in the world.

Although CZ has never disclosed how much BNB he owns, according to the 2017 BNB issuance white paper, 80 million BNB were allocated to the founding team, which would be exchanged for approximately US$51.2 billion based on the current market price.

In terms of BNB price, it corrected after breaking through $720 on June 6, and began to experience selling pressure before noon today (10th). It is currently around $640.

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