Global #Changpeng Zhao

Weekly Summary: Airdrop Craze and Bitcoin Recovery

The Changpeng Zhao trial, which is well-known in the digital asset field as CZ, demonstrated how important cooperation is to the outcome.

Changpeng Zhao, the former CEO of Binance, will spend four months in prison for not putting in place sufficient anti-money laundering measures at the cryptocurrency exchange.

Binance bases its SEC defense approach on the Mango Markets case. Binance defends itself against the U.S. government by employing a legal tactic from a previous case. Commission on Securities and Exchanges (SEC).

The Indian government originally outlawed Binance, but now it is poised to return after agreeing to pay a hefty fine of about $2 million.