News

Binance Founder Changpeng Zhao Gets 4 Months In Prison

US prosecutors had initially recommended a three year jail term.

Published

4 months ago

May 1, 2024

binance founder changpeng zhao gets 4 months in prison

A federal judge in the United States has handed out a four month prison sentence to Binance founder Changpeng Zhao (known as “C.Z.”). Prosecutors had recommended a three year term after Zhao pleaded guilty to violating the Bank Secrecy Act back in November 2023.

The DOJ accused Zhao of turning a blind eye to criminal activity on the crypto exchange and ignoring its legal obligations “in the pursuit of profit”. U.S. Treasury Secretary Janet Yellen also noted that Zhao’s “willful failures allowed money to flow to terrorists, cybercriminals, and child abusers through its platform”.

The U.S. government accused Binance of refusing to comply with sanctions and failing to report transactions related to drugs and child sexual abuse. Prosecutors claimed that Zhao had told Binance employees it was “better to ask for forgiveness than permission” while saying that if Binance had obeyed the law, it wouldn’t be “as big as we are today”.

To avoid a longer jail term, Binance agreed to forfeit $2.5 billion and settle a $1.8 billion fine. Zhao also paid $50 million from his own fortune as part of the settlement.

Also Read: Top E-Commerce Websites In The Middle East In 2024

The Binance founder’s sentence is much shorter than the 25 years recently given to crypto entrepreneur Sam Bankman-Fried of FTX. Zhao played a prominent role in Bankman-Fried’s downfall after Tweeting in November 2022 that his company would liquidate all FTX holdings. The posts not only destroyed FTX but rocked the wider crypto community, likely attracting attention from the U.S. government.

With Zhao heading to prison, DOJ lawyer Kevin Mosley remarked: “This wasn’t a mistake — it wasn’t a regulatory oops […] breaking U.S. law was not incidental to his plan to make as much money as possible. Violating the law was integral to that endeavor”.

News

The New Nissan Patrol Makes Its Worldwide Debut In Abu Dhabi

The seventh-gen off-roader boasts a bold new design, powerful V6 twin-turbo engine, adaptive air suspension, and plenty of cutting-edge technology.

Published

1 day ago

September 5, 2024

Nour Nasir

Nissan

Yesterday, Nissan revealed the all-new seventh-generation Nissan Patrol to an excited audience in Abu Dhabi. The launch marks a significant milestone for the iconic off-roader, whose unveiling drew an audience of royals, VIPs, top Nissan executives, dealers, media, and prospective buyers.

During the event, Nissan president and CEO Makoto Uchida said: “The all-new Patrol is a prime example of the exciting and empowering models we are delivering under our global business plan, The Arc. The seventh generation is a bold leap forward, blending unparalleled performance, cutting-edge technology, and a commanding presence to redefine what an SUV can be”.

A Legendary Off-Roader, Reinvented

The all-new Nissan Patrol has updated styling that exudes strength and durability. The bold exterior, paired with 22-inch alloy wheels, comes in seven distinctive colors, four of which are two-tone combinations, allowing drivers to customize the Patrol to suit their personal style.

Enhanced Power And Performance

2025 nissan patrol exterior

This latest Nissan Patrol is the most powerful version of the off-roader yet, thanks to a newly developed 3.5-liter V6 twin-turbo engine. This powerplant delivers 425 horsepower and 700 Nm of torque, channeled through a sophisticated 9-speed automatic transmission.

The Patrol’s dynamic suspension utilizes advanced e-damper technology that adapts automatically to varying driving conditions. Meanwhile, adaptive air suspension allows drivers to adjust the vehicle’s ride height, ensuring a seamless transition between highway driving and challenging off-road conditions.

Luxurious Interior And Advanced Technology

2025 nissan patrol interior

Inside, the all-new Patrol offers a spacious, luxurious cabin. A panoramic sunroof lets in natural light, creating an airy and inviting environment. Infotainment includes a 28.6-inch main display, complemented by two 14.3-inch displays for navigation, media, and vehicle settings. Rear passengers can enjoy (optional) dual 12.8-inch screens supporting Miracast, HDMI, and USB inputs.

The Patrol’s sound system features 12 Klipsch Premium speakers, delivering exceptional audio quality. Connectivity comes courtesy of NissanConnect 2.0 and Google Built-In, providing seamless smartphone integration for everyone inside.

Also Read: Initial Trials Of Dubai’s Driverless Evocargo Trucks Completed

A final interesting feature of the new Patrol is its Biometric Cooling. The system uses an infrared sensor to monitor the body temperature of front and second-row occupants, automatically adjusting airflow to provide optimal comfort.

The all-new Nissan Patrol will soon be available across the UAE, Saudi Arabia, and the rest of the Middle East, with the first orders arriving from November 1, 2024.