This new meme coin continues because most cryptocurrencies slip after the conviction by CZ

• Changpeng Zhao was sentenced to a longer prison for four months in prison despite the request of the Ministry of Justice.
• The cryptom market breaks down after the conviction of the Bony founder; The prices for BTC and ETH sink.
• The Kangamoon pre-sale picks up speed and brings over $ 6 million, with over 79 % of $ Kang tokens being sold.

After the conviction of Changpeng Zhao, the former CEO of Binance, the global cryptoma market experienced a downlog with a significant decline of 8.17 %. The prices for Bitcoin (BTC) and Ethereum (ETH) are at the top, with BTC fell by 9.03 % and ETH by 9.16 % in the last 24 hours.

At the time of printing, the price of BTC was $ 57,454.33, while ETH was $ 2,867.59. But since most of the cryptocurrencies fall, kangamoon A new meme coin offers an alternative option.

judgment against Changpeng Zhao after rejection of the application of the Ministry of Justice

c, known as the "CZ", was sentenced to four months in prison after he had guilty of violating money laundering at Binance.

As already reported, Zhao's conviction was carried out after the US district judge Richard Jones had rejected the application of the Ministry of Justice (DOJ) for a longer prison sentence of three years.

Despite the considerable punishments that were imposed against Binance, Zhao's punishment was much shorter, which reflects the judge's decision.

The public prosecutor had spoken out for a longer punishment and emphasized the severity of Binance's misconduct. They accused Zhao, the growth and profitability of the stock exchange priority to compliance with the US laws, which led to a "wild vest" environment in which criminals were welcome. They also emphasized the failure of Binance to report suspicious transactions with the participation of proven terrorist groups, and the support of the company for the sale of illegal materials.

In response to this, the defense claimed that Zhao's actions were not intentional criminal acts, but rather incorrect assessments. They emphasized Zhao's cooperation with the authorities and his willingness to take responsibility for the shortcomings of Binance. They argued that Zhao tried to have a positive impact on the crypto industry, but made mistakes.

In the end, the judge Zhao condemned a four-month prison sentence, which was considered mild compared to the wishes of the US Ministry of Justice.

Despite the judge's decision to impose a shorter punishment, he criticized Zhao for neglecting compliance with the regulations. Richter Jones emphasized that Zhao had the resources and skills to ensure compliance with the regulations by Binance, but did not effective.

The judges' comments underlined the importance of maintaining legal standards in the rapidly developing crypto landscape.

A new meme coin flourishes in advance, while the market is falling

During the market to be sentenced to Changpeng Zhao, Kangamoon is fighting for the next top meme coin position.

In contrast to other meme coins that only benefit from the commitment of the community, Kangamoon integrates social fi and play to Earn (P2E) elements to promote a lively community of meme enthusiasts.

Kangamoon participants can take part in activities such as the compilation of champions, fighting epic encounters and betting on favorite fighters to earn the locals $ Kang-tokens and exclusive rewards.

The $ Kang token is an ERC 20 token and runs on the Ethereum blockchain with a maximum offer of 1 billion tokens, of which 600 million tokens are available for sale during ongoing advance.

Kangamoon pre-sale

The Kangamoon-Verhalt has attracted considerable attention and collected over $ 6 million, with 79.3 % of the token reserved for the pre-sale and 20.7 % stayed.

Since the participants are eagerly waiting to request their $ Kang tokens after the advance sale, interested investors can access them via the project's website via a simple "Request" button. You can purchase $ Kang-tokens at a price of $ 0.0196 before the end of the advance sale.

conclusion

The crypto market is faced with a downturn after the condemnation of Changpeng Zhao, since the prices for Bitcoin and Ethereum are falling.

But while the rest of the market slips into the minus, the Kangamoon project continues to gain dynamics, since the pre-sale of the $ Kang token attracts great investment interest.