Former Binance CEO Changpeng Zhao (CZ) has expressed his gratitude to the crypto community for their support following his four-month U.S. prison sentence for pleading guilty to money laundering charges. “I will remain a passive investor (and holder) in crypto. Our industry has entered a new phase. Compliance is super important,” Zhao emphasized. CZ: Binance […]
On Tuesday, crypto took another blow from the US as industry icon “CZ” was sent to prison. This time it was Changpeng Zhao (CZ), the founder and former CEO of Binance, crypto’s largest centralised exchange, feeling the wrath of the US government. CZ received a four-month federal prison sentence for his role as CEO of the exchange and for breaching the Bank Secrecy Act. He will be the first CEO to go to prison for non-compliance with this act.
SEATTLE >> Changpeng Zhao, the former chief executive of Binance, was sentenced today to four months in prison after pleading guilty to violating U.S. money-laundering laws at the world’s largest cryptocurrency exchange.
Jump ship, Singh Re: GUNTER: New seat maps or not, Conservatives will win next federal election, online, April 23 Lorne Gunter wrote that federal NDP Leader Jagmeet Singh was campaigning in Edmonton recently. Perhaps if Singh wishes the NDP to remain relevant at all, he may want to withdraw his support for the inept Liberals. […]
The ex-CEO is about to learn if he’ll be the richest US inmate ever. But, with friends on the company’s board, his ownership of the exchange intact and the mother of his children helping to run the show, his case is nothing like FTX’s.
NY Post readers discuss protesters replacing Harvard University’s American flag with a Palestinian one.
Former Google CEO Eric Schmidt suggested that the U.S. and China are at different stages of A.I. development, with the U.S. becoming more advanced. Schmidt outlined four reasons China may need help to match the U.S. in A.I.In a Bloomberg interview on Tuesday, Schmidt declared that the U.S. holds a solid two-to-three-year advantage over China in A.I. That's a significant lead in this field, he noted. Following his tenure as Google's CEO (2001-2011) and chairman (until 2015), Schmidt has deviated...
Prosecutors requested that the 47-year-old serve a three-year term.
The prosecution’s sentencing memo stressed Zhao’s deliberate decision to ignore anti-money laundering requirements and attempts to deceive regulators.
Changpeng Zhao got a 4-month prison sentence instead of 3 years for his actions on Binance. The short trial and guilty plea of Binance founder and ex-CEO Changpeng Zhao finally saw its sentencing for the executive, and he is only getting four months of prison time to serve.
On Tuesday, April 30, 2024, Changpeng Zhao (CZ), formerly the CEO of Binance, was sentenced in a Seattle courtroom for his compliance failures at the cryptocurrency exchange. The sentencing was first covered by Nikhilesh De and Danny Nelson of Coindesk, who reported directly from the courthouse. Per Nikhilesh De’s X thread, the proceedings began with […]
CryptoWatch's weekly roundup delivers the latest on Hong Kong, crypto regulations, and Binance's ex-CEO.