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Binance Founder Changpeng Zhao Gets 4 Months In Prison

US prosecutors had initially recommended a three year jail term.

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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.

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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”.

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Instagram Redraws Its Wordmark And The Internet Reads “Instagzam”

Instagram’s first wordmark refresh in a decade arrives with new fonts, a restrained gradient — and a Reddit verdict of sidegrade.

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instagram redraws its wordmark and the internet reads instagzam
Instagram

Although Instagram’s famous camera icon hasn’t changed, the company has refreshed the handwritten wordmark at the top of its app. This is the first redesign we’ve seen in ten years, and one the internet promptly set about renaming.

“The wordmark at the top of the app hasn’t changed in 10 years, so it was time for a refresh,” Instagram head Adam Mosseri wrote in a post on August 13, describing the new version as “cleaner and more modern” while keeping references to the original design.

Instagram says its team explored hundreds of options — all-caps lettering, camera-inspired concepts, even literal handwriting — before returning to script. “Script reflects individuality, so referencing that felt right,” Instagram director of product design Jasmine Probst said in Meta’s announcement. “The new wordmark is bolder and simpler, with touches of unexpectedness. It cues individual expression, a personal voice, both of which have always been core to Instagram”.

The wordmark is part of a broader brand overhaul: an updated Instagram Sans typeface, two new fonts — the hand-drawn Instagram Pen and Instagram Mono — plus refreshed motion and layouts, and more restrained use of the signature gradient. The wordmark is rolling out globally now, with the rest arriving throughout 2026 and beyond.

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The design mixes cursive and print lettering, some characters connected and others floating free. That hybrid approach, combined with unusually shaped “s” and “r” characters, led some users to conclude the logo actually reads “Instagzam”. On the r/logodesign subreddit, one user said the wordmark looked “fan-made,” like something built in Canva; another called it “an unsettling mix of manuscript and cursive”; a third summarized it as a “sidegrade” — or, inevitably, a “zidegrade”.

Not everyone was hostile to the new look. Some found the half-cursive design stylish and surprisingly readable, while others called it an improvement on its predecessor, and one commenter argued Instagram was simply adopting minimalist branding later than everyone else. Either way, the platform now has a refreshed identity, three updated fonts, and an unofficial new pronunciation.

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