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#Binance Founder @cz_binance (CZ) sentenced to 4 months in prison.
This is following an earlier plea deal with the US government for failing to implement effective AML controls in Binance's early days.
That's four months more than he deserves to serve in prison!
For perspective:
- JPMorgan settled with the US government for $13 billion in 2013 for overstating the quality of mortgages it sold to investors in the run-up to the financial crisis.
- BNB Paribas was fined $8.9 billion in 2014 for a series of offences that included money laundering and violations of sanctions against Sudan, Cuba, and Iran.
- Deutsche Bank was fined $7.2 billion for misleading investors and contributing to the 2008 financial crisis.
These are all much more serious violations than Binance's, yet not a single executive at these organizations was imprisoned for these offences.
While I believe CZ's ordeal is politically motivated, I hope this brings an end to the persecution and associated drama and he finally has closure!View quoted post on X
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The long awaited day has come…View quoted post on X
Congratulations to Floki-backed project @realRiceAI for winning the $BNB chain MVB Accelerator, where they will get access to grants, @BNBChain's "Launch as a Service", and ecosystem support!View quoted post on X
Winners of the BNBChain MVB Accelerator were determined by a panel of judges that include BNB Chain, YZi Labs, Presto Labs, Gate Ventures, Kraken, Faculty Group, CoinMarketCap, Amber, and honorable guest judge @cz_binance!
RICE AI is the web3 arm of Rice Robotics, one of the most promising AI robotics startups with high-profile clients and partners that include:
- Softbank, which leads the $500 billion Stargate initiative recently introduced by President Trump to grow artificial intelligence infrastructure in the United States, is one of Rice Robotics' major customers, with RICE robots powering office delivery at SoftBank Headquarters.
- RICE robots provide delivery services at Tokyo Midtown Yaesu for Mitsui Fudosan, one of the largest property developers in Japan.
- RICE has integrated with the 7-Now mobile app and its robots are used by 7-Eleven Japan in scaling unmanned indoor delivery in Japan.
- Rice Robotics is a partner of the Nvidia Inception Program.
Rice Robotics is also backed by highly-successful funds that include Alibaba Entrepreneurs Fund, Soul Capital, Audacy Ventures, Sun Hung Kai & Company, and Cyberport HK.
RICE AI will soon launch its token primarily through @TokenFi, where $TOKEN stakers will be able to participate in the $RICE presale on TokenFi Launchpad.
In addition, a significant portion of the RICE token will be airdropped to $FLOKI and $TOKEN holders.
We will be announcing more details about the RICE airdrop and presale soon.
Stay tuned!
