A recent Forbes report has shed light on the significant holdings of Changpeng Zhao (CZ), the former CEO of Binance, in BNB tokens. According to the report, CZ holds a staggering 64% of the circulating BNB tokens, equivalent to 94 million tokens. This substantial holding, combined with his 90% stake in Binance, values his assets at a whopping $61 billion, making him the 24th richest person in the world.

BNB, the native token of Binance, is used for fees and rewards on the platform. With a maximum supply of 200 million, over 153 million BNB tokens are currently in circulation. The token has seen significant growth, increasing by 0.80% in the last 24 hours to trade at $603.56. Its market capitalization stands at over $89 billion, making it the third most valuable cryptocurrency.

CZ's legal proceedings have been well-documented, with a historic settlement in November 2023 resulting in a three-year prison sentence, later reduced to four months. The settlement also included a $50 million fine for CZ and a $4.3 billion fine for Binance. An independent consulting firm, Forensic Risk Alliance, has been appointed to monitor Binance's activities for the next three years.

In conclusion, CZ's significant stake in BNB tokens solidifies his position as a key player in the cryptocurrency market. His legal proceedings have led to stricter measures, but Binance continues to operate under new leadership. As the crypto landscape evolves, CZ's influence on the market will be closely watched by investors and analysts alike.