Criminal sentencing of Binance founder CZ postponed to late April
Publishing timestamp: 2024-02-12 19:38:46
Summary
The sentencing of former Binance CEO Changpeng Zhao on a money laundering charge has been postponed until April 30. Zhao pleaded guilty to the charge and agreed to step down as CEO and pay a fine. Binance also agreed to pay fines and restitution as part of its guilty plea. The delay in sentencing is unexplained, and prosecutors may seek a harsher sentence than the suggested maximum of 18 months in prison.
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Keywords: breaking news: politics, technology, crime, business news, politics, laws, breaking news: technology, business, securities fraud, binance/usd coin metrics, cryptocurrency, collusion,