newp
1,238 views
3 Discussing
Hot
Latest
See original
CZ received a four-month prison sentence
USAChangpeng Zhao (CZ), founder of cryptocurrency exchange Binance, was sentenced to four months in prison, much lower than the previously proposed three years in prison.
During CZ's trial at the Western District Court of Washington on the morning of May 1, judge Richard Jones sentenced CZ to four months in prison, based on the crime he pleaded guilty to in November 2023, along with a Binance fine of $4. .32 billion USD.
Judge Jones said there was no evidence that CZ was "ever informed" of specific illegal activities at Binance, thereby rejecting prosecutors' request to increase the sentence from 18 months to 36 months earlier.
At trial, CZ apologized for his actions, saying "he spent a lot of quiet time alone reflecting". He took responsibility for not controlling Binance strictly according to regulations. After the court's verdict, CZ said he would appear and go to jail on the same day.
#binance #btc #Web3 #newp
USAChangpeng Zhao (CZ), founder of cryptocurrency exchange Binance, was sentenced to four months in prison, much lower than the previously proposed three years in prison.
During CZ's trial at the Western District Court of Washington on the morning of May 1, judge Richard Jones sentenced CZ to four months in prison, based on the crime he pleaded guilty to in November 2023, along with a Binance fine of $4. .32 billion USD.
Judge Jones said there was no evidence that CZ was "ever informed" of specific illegal activities at Binance, thereby rejecting prosecutors' request to increase the sentence from 18 months to 36 months earlier.
At trial, CZ apologized for his actions, saying "he spent a lot of quiet time alone reflecting". He took responsibility for not controlling Binance strictly according to regulations. After the court's verdict, CZ said he would appear and go to jail on the same day.
#binance #btc #Web3 #newp
Login to explore more contents