Bitcoin and Binance Token prices drop slightly with CZ release!

Binance founder Changpeng Zhao has been a focal point of much discussion over the past year. Last year, the United States Department of Justice (DOJ) announced charges against Binance and Zhao over charges and settlements affecting BNB prices. Even we all know about the imprisonment of the founder and CEO of the popular exchange site Binance. He was even fined a huge amount in addition to the sentence. However, they allege that the Binance founder violated bank privacy laws. Recently the founder and CEO of this popular exchange was released from jail although he was released two days early.

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However, while there is a positive news that Changpeng Zhao has been released, starting from Bitcoin to BNB Coin, the price is expected to rise, while the token has fallen slightly since the start of the trading day. Zhao holds close to two-thirds of the BNB supply. However, he owns a huge amount of money and is considered to be one of the richest people in the world and a report shows that he is the 24th richest person in the world. Zhao's massive holdings of Binance's native currency sparked concerns about the token's centralization after the report came out.

Zhao still has about 94 million BNB tokens. We know that these tokens are originally Binance's own tokens and this BNB token was initially allocated to the core Binance team. Additionally, the company still has about 46 million tokens. Although Binance is not a publicly traded company. Because we know that Binance is one of the most popular and the world's largest cryptocurrency exchange among all the exchanges that exist today. However, when news of Zhao and Binance's criminal and civil liability hit the market last year, such news had a significant impact on the trading of various cryptocurrencies.

But we all know that when any positive news comes in the market, the price of the points increases quite well and when the same negative news comes, the price goes down again. However, even after the release of the founder and CEO of the popular exchange, the price of the coins did not increase, but instead decreased slightly. For example, last year BNB price rose nearly 7% in 24 hours following the news of a $4 billion settlement between Binance and the Securities and Exchange Commission. Although this exchange site was fined a huge amount, even its CEO was fined a huge amount. However, this exchange has given some conditions to conduct its operations. The conditions include that Binance must have independent monitoring over the next three years and hire Forensic Risk Alliance to monitor the company's business operations.