Ari Paul, founder and CIO of BlockTower Capital, has openly criticized the legal treatment given to Binance CEO Changpeng Zhao (CZ) compared to former FTX CEO Sam Bankman-Fried (SBF).
According to Paul, both CZ and SBF committed similar crimes, but CZ received a lighter sentence, allegedly to protect the interests of individual investors.
In response to CryptoQuant CEO Ki Young Ju’s defense of CZ, Ari Paul said, “CZ committed the same crime as SBF. If the federal government so desires, CZ could face life in prison.” Paul cited “dozens of charges” against him, including misusing client deposits for risky investments, defrauding individual investors, and facilitating money laundering for criminal organizations.
According to Paul, the leniency shown to CZ stems from concerns that he could manipulate or extort over $30 billion in customer funds by bribing officials in the UAE for sovereign immunity. Paul also suggested that the US government is seeking access to critical Binance documents that could reveal further abuses in the crypto industry.
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A Reuters report cited by Paul alleged that CZ illegally obtained approximately $11 billion in client assets through trading firms. However, Ki Young Ju disputed Paul’s claims, citing the US Department of Justice (DOJ)’s stance accusing CZ of aiding money laundering, not embezzling client funds. The CryptoQuant CEO dismissed the Reuters report as lacking solid evidence, stating that the accusations were based on suspicion without a legal conviction.
Critics of Paul’s position argue that it is unreasonable to believe that CZ, a billionaire, would risk his empire to steal $30 billion and place himself under the control of a smaller nation. They also noted that Binance has clients in the UAE and that CZ would face legal scrutiny there as well if any wrongdoing occurred.
*This is not investment advice.
 Continue Reading: <a href="https://en.bitcoinsistemi.com/interesting-remarks-for-binance-ceo-cz-from-renowned-ceo-his-crime-was-no-different-from-sbf/" rel="noopener noreferrer nofollow">Interesting Remarks for Binance CEO CZ from Renowned CEO: “His Crime Was No Different From SBF”</a>

Interesting Remarks for Binance CEO CZ from Renowned CEO: “His Crime Was No Different From SBF”

Bitcoin Sistemi EN

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