đ¨CHANGPENG ZHAO (#cz ) TO REMAIN IN UNITED STATES WAITING FOR SENTENCE
â CZ in turmoil. It apparently doesn't feel good to be the main official face of the leading platform in the cryptocurrency sector. Because this exposure allows justice to make an example. Even more so when the personâs portfolio makes him a multi-billionaire with the ability to evaporate anywhere on the globe in the snap of a finger. This is why Changpeng Zhaoâs (CZ) freedom of movement has been hotly debated since last week. And in all likelihood, his suitcases will remain in the United States while awaiting his sentencing.
đ¨CHANGPENG ZHAO FACES UP TO 10 YEARS IN PRISON
â Everything is evolving very quickly in the Binance file at the end of the year. And after the historic decision to take control of this emblematic exchange, the United States justice system is looking into the more specific case of its former CEO-founder Changpeng Zhao (CZ). Because the latter risks a prison sentence as part of his management considered too lax of the very first cryptocurrency platform in the world.
â Indeed, Changpeng Zhao had to agree to a $175 million bond to get out of his cell before his sentencing date. A verdict which should be officially pronounced next February. And even if a sentence of 18 months had initially been mentioned, the United States justice system could well attempt the legal maximum of 10 years provided for by law.
