Former Binance CEO Changpeng Zhao Sentenced To Four Months In Prison 🥺🥺
Judge Richard Jones of the U.S. District Court for the Western District of Washington delivered the sentence.
The prosecution had initially sought a three-year prison term for Zhao, citing serious lapses in regulatory compliance during his tenure at Binance.
Zhao’s defense argued for probation, emphasizing his lack of direct knowledge of the illicit activities allegedly conducted through the platform.
In the courtroom, Judge Jones acknowledged the absence of evidence directly linking Zhao to specific illegal acts. This reduced the sentence from the recommended 18 months to four months.
Since his resignation, Zhao has shifted his focus to educational initiatives, founding Giggle Academy, which aims to educate young people about cryptocurrency and blockchain technology. That's why I have endless respect for this man.always continues to build great things for the crypto world.I will miss him too much during these 4 months. my heart is with you @CZ
