

Zhao Changpeng's sentencing results were released on 4/30! The result is not yet known but be careful about BNB fluctuations
This site (120BtC.coM): In November last year, Binance, the world’s largest cryptocurrency exchange, reached an agreement with the U.S. Department of Justice, the Commodity Futures Trading Commission (CFTC) and other agencies In the settlement agreement, he pleaded guilty and agreed to pay a fine of US$4.3 billion. Founder Changpeng Zhao (CZ) admitted to violating US anti-money laundering laws and other charges, resigned as CEO of Binance, and paid US$175 million to successfully obtain bail.
On Tuesday (4/30) local time, CZ will have the final sentencing hearing, and the verdict will determine his prison time. (The exact time is not yet clear, but Seattle time is 15 hours behind Beijing, so the results are expected late tonight or the morning of the 1st)
The U.S. Department of Justice requests that CZ be sentenced to three years in prison
Last week, the U.S. Department of Justice requested in a sentencing memorandum that the judge should sentence Changpeng Zhao to 36 months in prison and fine him $50 million to demonstrate its strict regulatory attitude towards combating money laundering activities involving cryptocurrency. Tama Kudman, a partner at Kudman Trachten Aloe Posner LLP, said: The U.S. authorities hope that such a verdict will serve as a warning to those in the cryptocurrency industry to let them know that they cannot violate U.S. anti-money laundering regulations at will.
However, Tama Kudman also added that although the sentencing for CZ in the previous plea agreement was about 18 months, both the Ministry of Justice and Zhao Changpeng can appeal to extend or shorten the sentence: Generally speaking, "When we negotiate, we will discuss both sides' perspectives," he said. "I don't see anything in the court documents that says the sentence must be 18 months." This goes both ways, with the Justice Department able to ask for a longer sentence and the defense asking for a shorter sentence based on the guidelines.
Probation Office: CZ should be sentenced to five months of probation
As the sentencing time approaches, the U.S. Probation Office recommends that CZ should be sentenced to five months of probation; this can be compared with the recommendations of the Department of Justice It's quite different.
Some lawyers also said that Zhao Changpeng’s behavior of actively pleading guilty and cooperating with the review may win favor with the judge and thus obtain favorable results in the judgment: those who try to evade arrest and those who come to plead guilty. The difference is huge and he (CZ) will get a huge honor.
However, some lawyers said that although Zhao Changpengfang has the ability to appeal against his sentence, it may be difficult for him to succeed: Circuit courts rarely overturn district court judgments, even if the judgment is excessive.
Beware of severe fluctuations in BNB
After the news that Binance and Changpeng Zhao reached a settlement agreement with the Ministry of Justice in November last year, the Binance platform currency BNB experienced huge fluctuations, and in the upcoming At the sentencing hearing, it is reasonable to judge that the price of BNB is likely to fluctuate due to the verdict. Although it is not easy to judge whether it will go up or down, Dongzhong reminds BNB investors to pay careful attention to possible market changes in the future. .
At the moment of writing, the Binance platform currency BNB is temporarily trading at $592.8, down 1.6% in the past 24 hours.
The above is the detailed content of Zhao Changpeng's sentencing results were released on 4/30! The result is not yet known but be careful about BNB fluctuations. For more information, please follow other related articles on the PHP Chinese website!

Amazon's Project Kuiper satellite launch was postponed due to unfavorable weather conditions. The delay was likely influenced by factors such as high-altitude wind shear, lightning threats, and high surface winds, which are common hazards in space launches. This postponement highlights the need for meticulous planning and flexibility in the unpredictable environment of space operations.

A group of former Kraken executives acquired U.S.-listed company Janover, which secured $42 million in venture capital funding to begin building a Solana (SOL) treasury.

Canadian businessman and investor Kevin O’Leary urged the Trump administration to impose a 400% tariff on Chinese goods, arguing that the current 104% tariff is insufficient to compel China to follow trade rules. O’Leary said these statements prior t

U.S. Treasury Secretary Scott Bessent laid out a broad financial reform agenda at the Bankers Association Summit on April 9, pledging to remove regulatory barriers

According to a report by VanEck, China and Russia have started to settle some trade deals using Bitcoin.

ucci Outlines 5-Point Forecast on China's Next Moves Amid Rising Trade Tensions

underperformed Bitcoin on 85% of all trading days since it launched in 2015. The ETH/BTC ratio, which tracks the value of Ether relative to Bitcoin, dropped to a five-year low of 0.018

In the world of cryptocurrencies, few events can shake things up like big government decisions. President Trump's recent tariff announcement did exactly that

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

mPDF
mPDF is a PHP library that can generate PDF files from UTF-8 encoded HTML. The original author, Ian Back, wrote mPDF to output PDF files "on the fly" from his website and handle different languages. It is slower than original scripts like HTML2FPDF and produces larger files when using Unicode fonts, but supports CSS styles etc. and has a lot of enhancements. Supports almost all languages, including RTL (Arabic and Hebrew) and CJK (Chinese, Japanese and Korean). Supports nested block-level elements (such as P, DIV),

SublimeText3 Linux new version
SublimeText3 Linux latest version

MantisBT
Mantis is an easy-to-deploy web-based defect tracking tool designed to aid in product defect tracking. It requires PHP, MySQL and a web server. Check out our demo and hosting services.

SublimeText3 Chinese version
Chinese version, very easy to use

Safe Exam Browser
Safe Exam Browser is a secure browser environment for taking online exams securely. This software turns any computer into a secure workstation. It controls access to any utility and prevents students from using unauthorized resources.