Ki Young Ju, CEO of blockchain analytics firm CryptoQuant has expressed strong support for Binance founder Changpeng Zhao (CZ) as he nears the end of his detention. The former Binance CEO and influential crypto figure is currently serving a four-month sentence after pleading guilty to violating the US Bank Secrecy Act (BSA) in November 2023.
Zhao had admitted to not preventing money laundering on Binance resulting in a $4.3 billion civil penalty for the crypto exchange and a $50 million fine for the Chinese businessman alongside his incarceration which began in June 2024.
CZ’s Achievement Outweighs Mistakes — CryptoQuant CEO
With Changpeng Zhao set for release on September 29, Young Ju has come out to take a stand with the former Binance boss.
Young Ju acknowledges that while CZ has made some errors, his contributions to the crypto ecosystem are largely more significant than these mistakes. The CryptoQuant founder…
