Changpeng shed: When it comes to UAE or Dubai, first of all, Sheikh, his residence and rich people come to the mind, but you will be surprised to know that the richest person of UAE is not a Sheikh but Changpeng.
Changpeng Jhao is known as CZ. He is the world’s largest Cryptocurrency Exchange, the founder and former CEO of Benance. The Chinese-Canadian cadre is credited with creating a high frequency trading system for the flash boys of Wall Street. Jhao began a cryptocurrency exchange called Binens in 2017 and still has about 90% of the exchange and a large part of its BNB token.
In November 2023, Zhao resigned as CEO of Binens under an agreement with the US government. He was found guilty of failing to run an effective money prevention program.
As a result, he had to pay a fine of $ 50 million and spend four months in jail. According to Forbes, Changpeng Jhao has a total assets of $ 63.4 billion. Today he is ranked 24th in the list of richest people in the world.
The post UAE’s richest person is not a Sheikh but a well-known name of the Crypto world, know about them first appeared on News India Live | Breaking India News, The Indian Headline, India Express News, Fast India News.
