Former Binance CEO Changpeng Zhao could face 3 years in prison
Summary overview:
•Binance co-founder and former CEO Changpeng Zhao may face 3 years in prison.
•Relevant departments recommended setting Zhao Changpeng’s sentencing date on April 30 and proposed a fine of US$50 million.
•Zhao’s actions were characterized as a serious threat to the financial system.
Changpeng Zhao (CZ), the founder and former CEO of Binance, the world’s largest cryptocurrency exchange, could face a three-year prison sentence.
The development comes after Changpeng Zhao pleaded guilty to charges of assisting companies in violating anti-money laundering laws and sanctions.
The trial of Binance co-founder Changpeng Zhao will be held on 4#30
According to Reuters, federal prosecutors have proposed a 36-month prison sentence for Zhao Changpeng, a proposal intended to highlight the seriousness of his violation of the Bank Secrecy Act. In addition, in a sentencing memorandum filed on Tuesday, prosecutors also recommended that Zhao be fined up to $50 million.
Prosecutors in the case pointed to Zhao's conduct as having broad implications for the integrity of the financial system and called for a harsher sentence. They intend to punish Zhao and deter future similar behavior in the industry.
Prosecutors in the case pointed to the widespread impact of Zhao's actions on the integrity of the financial system and called for a harsher sentence. By punishing Zhao, they intend to serve as a deterrent and deter others in the industry from engaging in similar misconduct in the future.
The U.S. prosecutor stated: "Given Changpeng Zhao's willful violation of U.S. law and the seriousness of its consequences, we believe that a sentence of 36 months in prison that exceeds the standard recommendation is reasonable."
The position represents a significant shift from an earlier plea deal, which recommended a maximum sentence of 18 months.
Legal proceedings involving Zhao have already experienced delays. His sentencing has been postponed to April 30. Since his first court appearance in Seattle last year, Zhao has been unable to return to his home in Dubai, where he lives with his family.
The legal proceedings involving Zhao Changpeng have been postponed, and his judgment has been postponed to April 30. Since his first court appearance in Seattle last year, Zhao has been unable to return to Dubai, where he lives with his family.
Meanwhile, Binance also pleaded guilty to the charges. The company has agreed to pay a fine of up to $4.3 billion and will report to a court-appointed monitor, but so far the monitor has not been formally appointed.
The above is the detailed content of Former Binance CEO Changpeng Zhao could face 3 years in prison. For more information, please follow other related articles on the PHP Chinese website!

Hot AI Tools

Undresser.AI Undress
AI-powered app for creating realistic nude photos

AI Clothes Remover
Online AI tool for removing clothes from photos.

Undress AI Tool
Undress images for free

Clothoff.io
AI clothes remover

AI Hentai Generator
Generate AI Hentai for free.

Hot Article

Hot Tools

Notepad++7.3.1
Easy-to-use and free code editor

SublimeText3 Chinese version
Chinese version, very easy to use

Zend Studio 13.0.1
Powerful PHP integrated development environment

Dreamweaver CS6
Visual web development tools

SublimeText3 Mac version
God-level code editing software (SublimeText3)

Hot Topics

This article provides a detailed Gate.io registration tutorial, covering every step from accessing the official website to completing registration, including filling in registration information, verifying, reading user agreements, etc. The article also emphasizes security measures after successful registration, such as setting up secondary verification and completing real-name authentication, and gives tips from beginners to help users safely start their digital asset trading journey.

1. Enter the web version of okx Euyi Exchange ☜☜☜☜☜☜ Click to save 2. Click the link of okx Euyi Exchange app ☜☜☜☜ Click to save 3. After entering the official website, the clear interface provides a login and registration portal. Users can choose to log in to an existing account or register a new account according to their own situation. Whether it is viewing real-time market conditions, conducting transactions, or managing assets, the OKX web version provides a simple and smooth operating experience, suitable for beginners and veterans. Visit OKX official website now for easy experience

This article details how to use the official web version of OK exchange to log in. Users only need to search for "OK Exchange Official Web Version" in their browser, click the login button in the upper right corner after entering the official website, and enter the user name and password to log in. Registered users can easily manage assets, conduct transactions, deposit and withdraw funds, etc. The official website interface is simple and easy to use, and provides complete customer service support to ensure that users have a smooth digital asset trading experience. What are you waiting for? Visit the official website of OK Exchange now to start your digital asset journey!

This article provides a detailed Gate.io web version latest registration tutorial to help users easily get started with digital asset trading. The tutorial covers every step from accessing the official website to completing registration, and emphasizes security settings after registration. The article also briefly introduces other trading platforms such as Binance, Ouyi and Sesame Open Door. It is recommended that users choose the right platform according to their own needs and pay attention to investment risks.

This article recommends ten well-known virtual currency-related APP recommendation websites, including Binance Academy, OKX Learn, CoinGecko, CryptoSlate, CoinDesk, Investopedia, CoinMarketCap, Huobi University, Coinbase Learn and CryptoCompare. These websites not only provide information such as virtual currency market data, price trend analysis, etc., but also provide rich learning resources, including basic blockchain knowledge, trading strategies, and tutorials and reviews of various trading platform APPs, helping users better understand and make use of them

OKX is a global digital asset trading platform. Its main functions include: 1. Buying and selling digital assets (spot trading), 2. Trading between digital assets, 3. Providing market conditions and data, 4. Providing diversified trading products (such as derivatives), 5. Providing asset value-added services, 6. Convenient asset management.

Based on market data and common evaluation criteria, this article lists the top ten formal Web3 trading platform APPs in 2025. The list covers well-known platforms such as Binance, OKX, Gate.io, Huobi (now known as HTX), Crypto.com, Coinbase, Kraken, Gemini, BitMEX and Bybit. These platforms have their own advantages in user scale, transaction volume, security, compliance, product innovation, etc. For example, Binance is known for its huge user base and rich product services, while Coinbase focuses on security and compliance. Choosing a suitable platform requires comprehensive consideration based on your own needs and risk tolerance.

This article provides download methods for the top ten popular Web3 digital currency trading software APPs, including OKX, Binance, Gate.io, Coinbase, Huobi (now HTX), KuCoin, Kraken, Bitget, MEXC and Bybit. Users can search for download links by visiting the official websites of each platform, or search for platform names in mainstream application stores to download and install. The article introduces the download methods of each APP in detail, so that users can quickly and conveniently find the appropriate download method. Download the Web3 trading software you need now and start your digital currency investment journey!