Binance Zhao Changpeng was finally sentenced to 4 months in prison! What did CZ say in court?

This site (120BtC.coM): Changpeng Zhao (CZ), founder of Binance Exchange, attended Seattle, USA at midnight on May 1st, Beijing time (April 30th, US time) At the sentencing hearing in the District Court, after several hours of trial, Judge Charlie Jones (Richard Jones) finally sentenced him to 4 months in prison, which was far lower than the previous request of the Ministry of Justice (the prosecutor requested a 36-month sentence).

The judge, CZ’s defense attorney and even prosecutors acknowledged during the 2.5-hour sentencing hearing that the 47-year-old billionaire was no ordinary criminal defendant. Instead, he was a philanthropist, do-gooder, first-time offender and family man who turned himself in and accepted whatever might come.

As for the exact date and place of imprisonment, it will be announced separately by the Bureau of Prisons and the Probation Office, and CZ also confirmed in court that he will accept the court's decision.

CZ’s statement in court

Basically, although the prosecutor repeatedly stated in court that in order to achieve a punitive effect and reflect the seriousness of the crime, it was recommended that the judge increase the sentencing; Judge Jones refused many times. In addition, he said that he had read 161 letters submitted by CZ's relatives and friends, and the evidence he saw was of a mitigating nature.

"I have never seen so many letters, not just from family, but from people who have known you for a long time. These letters paint a picture of a man driven by your drive, passion and drive Man...you risked all your assets to make Binance succeed.”

Of course, the judge also mentioned that CZ, as the CEO of Binance, needs to be responsible for failing to implement anti-money laundering procedures. Because this could have a significant impact on money laundering activities.

When it was CZ’s turn to issue a statement, he confessed to the mistakes he had made in the past, saying that he had fully understood the importance of having a sound KYC/AML program, but he had tried to correct the problem and had Instructing Binance to cooperate with the U.S. government.

Bloomberg: If imprisoned, he will become the richest prisoner in U.S. history

According to Bloomberg’s report yesterday, CZ will become the richest prisoner in the history of U.S. federal prisons because Zhao Changpeng’s comments on Binance His ownership, and his personal net worth of approximately $43 billion, have not been affected by the case, and his wealth may increase further as Binance’s business grows in a new bull market.

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