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<ul class="news-points wp-block-list">
 <li>Former Binance founder Changpeng Zhao reportedly made over $25 million per day while in prison.</li>
 <li>Zhao spent 117 days in Lompoc II, a minimum security prison near Santa Barbara.</li>
 <li>Forbes reported that Zhao’s net worth rose from $36.5B to $61B while Bloomberg reported a loss.</li>
</ul>
Former Binance founder Changpeng Zhao allegedly earned over $25 million per day while in prison. According to a recent Forbes report, Zhao’s net worth rose from $36.5 billion on June 2 to $61 billion by September 27 while incarcerated.
Although Forbes did not disclose its methodology of the <a href="https://www.forbes.com/sites/javierpaz/2024/06/14/how-cryptos-richest-billionaire-doubled-his-net-worth-behind-bars/" target="_blank" rel="noopener noreferrer nofollow">report</a>, earlier data suggests that the firm accounted for Zhao’s crypto holdings and applied a less conservative discount on his equity. Further, the data focused on the wealth acquired by Zhao in equity from private-led Binance-affiliated companies. However, considering the circumstances surrounding the privately held equities and the fact that Zhao is under no obligation to publicly report his assets, the authenticity of the report remains unclear.
Read also : <a href="https://coinedition.com/changpeng-zhao-release-date-the-truth-behind-the-rumors/" rel="noopener noreferrer nofollow">Changpeng Zhao Release Date: The Truth Behind the Rumors</a>
Meanwhile, Bloomberg provided a contrasting report which stated that the form…
The post <a href="https://coinedition.com/binance-founder-earned-over-25m-per-day-while-in-prison-report/" rel="noopener noreferrer nofollow">Binance Founder Earned Over $25M Per Day While in Prison: Report</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.

Binance Founder Earned Over $25M Per Day While in Prison: Report

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