3 weeks ago
Former Binance CEO Changpeng Zhao has been sentenced to 4 months successful prison, according to a study from Bloomberg connected April 30.
Zhao said during sentencing:
“I failed present … I profoundly regret my failure, and I americium sorry.”
Zhao’s last condemnation is considerably little than the three-year situation condemnation prosecutors were seeking — much than doubly the recommended line for the applicable charges.
Zhao’s lawyers had argued for nary situation time.
A abstracted study from Fortune noted that Zhao volition wage a $50 cardinal idiosyncratic fine, allowing him to support astir of his $43 cardinal successful idiosyncratic wealth. Zhao volition beryllium the wealthiest idiosyncratic successful the US situation system, according to the report.
Zhao pleaded blameworthy to the DOJ’s charges successful November 2023 and stepped down from his CEO role.
The station Binance laminitis Changpeng ‘CZ’ Zhao sentenced to 4 months successful prison appeared archetypal connected CryptoSlate.
English (US) 