CZ Denies Claims of US Federal Reserve Ties and Prison Avoidance

   Changpeng Zhao (CZ), co-founder of Binance, has dismissed bizarre accusations claiming he never served jail time and works for the US Federal Reserve. The rumors, spread by Chinese influencer Liangxihgui during an X Spaces session, gained significant attention. CZ confirmed he served a four-month prison sentence in 2024 for anti-money laundering violations. He criticized influencers for using his name for clout but humorously suggested the attention could signal a bullish market trend