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Binance Founder Changpeng Zhao Settles in Abu Dhabi Following US Prison Term

Binance founder Changpeng Zhao is living in Abu Dhabi following the completion of a four-month U.S. prison sentence and a presidential pardon from Donald Trump. According to The New York Times, Zhao retains majority ownership of Binance and a net worth exceeding $10 billion. The report notes UAE leadership is seeking his collaboration in expanding the country's technology powerhouse ambitions.

Published Source: The New York Times

Changpeng Zhao, founder of cryptocurrency exchange Binance, is living in Abu Dhabi following the completion of a four-month prison sentence in the United States and a pardon granted by President Donald Trump, according to a report by The New York Times.

The report stated that Zhao retains majority ownership in Binance and maintains a personal net worth exceeding $10 billion. Zhao previously pleaded guilty to violating U.S. anti-money-laundering laws prior to serving his four-month federal prison term.

According to The New York Times, Zhao has aligned himself with influential ruling figures, including leadership in the United Arab Emirates seeking his assistance to build a technology powerhouse, alongside ties with the Trump family network.

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