Binance's BNB token reached a record high during founder Changpeng Zhao's jail sentence for money laundering violations.

Binance's BNB token reached a record high during founder Changpeng Zhao's four-month jail sentence, making him the richest person ever to serve time in a US federal prison. Zhao is incarcerated for failing to properly safeguard Binance against money laundering. The token's market capitalization reached $109 billion, while Binance's total value of assets increased from $80 billion to $125 billion.

June 09, 2024
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