Resolves as YES if Binance's founder Changpeng Zhao (aka CZ) is arrested or imprisoned in any country before 2026.
Data for resolving this claim will come from either CZ's Twitter feed or a reputable news source.
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He was sentenced to 4 months in prison today. https://www.cnbc.com/2024/04/30/binance-founder-changpeng-zhao-cz-sentenced-to-four-months-in-prison-.html
I'm buying again. THey said he can't leave the US.
Prosecutors argued Zhao should remain in the U.S. until the sentencing hearing, which is set for February, while Zhao’s attorneys argued he could return to the United Arab Emirates, where he currently resides. Tsuchida ultimately agreed that he could return to UAE, with the condition that he return to the U.S. at least 14 days before his sentencing hearing. The UAE does not have an extradition treaty with the U.S.
Oh, I'd love to resolve this as YES...
https://www.ft.com/content/d10af983-1376-457f-9709-815e04ba59fb
But he's paying a fine and pleading guilty, which doesn't necessarily mean incarceration. I don't think he's been cuffed or thrown in a jail cell. Too bad.
It's a shame that he has received something that is, for him, like a speeding ticket. He deserves much worse.
Relevant: SEC's complaint against Binance:
https://www.sec.gov/files/litigation/complaints/2023/comp-pr2023-101.pdf
If US authorities invaded a nuclear power (Pakistan) without permission to get Osama Bin Laden, then there's no place that's safe for CZ.
Good luck man.
@DavidMathers Yes. Arrested or imprisoned. For example, if he’s driving in Singapore, pulled over, and then arrested on suspicion of DUI, then that counts, even if he doesn’t spend a minute in jail or prison.
Of course, I think the chance he gets convicted of crypto crimes and shares a cell in the Florence CO Supermax federal prison with Ted Kaczynski or SBF is very, very high.
Sort of mind-blowing that this was sub-25% for six months and then it rocketed to 72% after the CFTC got interested.
The business model of crypto is breaking the law and recording the crimes on immutable ledgers. The people who commit these crimes do not have standing armies, nuclear weapons, or control of strategically important land or waterways. Yet they think they can mess with the currencies and capital controls set up by countries that have nuclear weapons and spy agencies.
In the long run, any cryptocurrency tycoon of note will be in prison -- if they're lucky.
Getting involved in crypto is insanely dumb.
