Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • TRADE
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • TRADE
Crypto Flexs
Home»TRADING NEWS»Changpeng ‘CZ’ Zhao gets prison sentence reduced as judge rejects DOJ request
TRADING NEWS

Changpeng ‘CZ’ Zhao gets prison sentence reduced as judge rejects DOJ request

By Crypto FlexsMay 1, 20242 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Changpeng ‘CZ’ Zhao gets prison sentence reduced as judge rejects DOJ request
Share
Facebook Twitter LinkedIn Pinterest Email
  • The judge differed from the DOJ’s 36-month proposal.
  • Some expect the judge to impose a sentence of 10 to 16 months.
  • Changpeng ‘CZ’ Zhao was charged with violating the Bank Secrecy Act.

In a major turn of events, the sentencing hearing for Binance’s former CEO Changpeng ‘CZ’ Zhao took a surprising twist.

Judge Richard Jones signaled a move away from the harsh sentences proposed by the U.S. Department of Justice (DOJ) in favor of a more lenient approach.

Judge Jones Aims for Lenience

In an ongoing court hearing, Judge Jones expressed skepticism about the Justice Department’s push for a longer prison sentence, deciding instead to follow recommendations made by the Probation Office.

The recommendation suggests a prison sentence of 10 to 16 months for Zhao, a stark contrast to the 36 months requested by the Justice Department.

Zhao’s guilty plea and community support

Zhao’s legal troubles stemmed from his guilty plea to charges of violating the Bank Secrecy Act and his resignation from the Binance.US board of directors.

After Changpeng ‘CZ’ Zhao pleaded guilty, he received widespread support from the cryptocurrency community, with family and friends supporting him and sending him letters of support.

How Zhao’s Sentencing Affects Binance

The outcome of Zhao’s sentencing has significant implications, especially for Binance, the cryptocurrency exchange he co-founded.

Zhao’s conviction could potentially impact the French outpost, of which he retains full ownership, making it difficult for Binance to pursue a European license under Markets in Cryptocurrency Assets (MiCA) regulations until 2025. there is.


Share this article

category

tag

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Why Bakkt Holdings can buy Bitcoin with a $ 1 billion increase

June 27, 2025

Why I am still optimistic despite noise

June 26, 2025

Like the initial Cardano, a way to reach $ 300 for Loy tokens more than $ 450K

June 25, 2025
Add A Comment

Comments are closed.

Recent Posts

Safe smart account audit summary

June 27, 2025

CARV’s New Roadmap Signals Next Wave Of Web3 AI

June 27, 2025

CARV’s New Roadmap Signals Next Wave Of Web3 AI

June 27, 2025

Bybit Expands Global Reach With Credit Card Crypto Purchases In 25+ Currencies And Cashback Rewards

June 27, 2025

BYDFi Joins Seoul Meta Week 2025, Advancing Web3 Vision And South Korea Strategy

June 27, 2025

Earns $9,800 Per Day With BTC Breaks Through $107,000, GoldenMining Global Market.

June 27, 2025

Why Bakkt Holdings can buy Bitcoin with a $ 1 billion increase

June 27, 2025

NVIDIA RTX strengthens FITY’s AI -centered innovation in Cooler Design.

June 27, 2025

Join Earn Mining To Mine Easily And Earn $7752 A Day

June 26, 2025

Bitcoin prices return to green -building exercise for more profits

June 26, 2025

Weed® Announces Partnership With Khalifa Kush; Launches Global Commercialization

June 26, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

Safe smart account audit summary

June 27, 2025

CARV’s New Roadmap Signals Next Wave Of Web3 AI

June 27, 2025

CARV’s New Roadmap Signals Next Wave Of Web3 AI

June 27, 2025
Most Popular

Wormhole initially involved its own hackers in the 670 million token airdrop.

April 4, 2024

How do digital certificates on the blockchain, along with Bitcoin, contribute to secure financial transactions in the digital realm?

November 24, 2023

Dogwifhat Price Prediction: WIF plunges 18% as analysts wonder if traders are migrating to this meme coin star that has surged 1,000% in a year.

January 16, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.