Changpeng Zhao (CZ), the founder of Binance Exchange, attended the sentencing hearing of the U.S. District Court in Seattle at midnight on May 1st, Beijing time (April 30th, U.S. time). After several hours of trial, Judge Charlie Jones (Richard Jones) Jones was ultimately sentenced to four months in prison, which was far less than the Justice Department had previously requested (prosecutors had requested a 36-month sentence).

Bloomberg: If he goes to jail, he will become the richest prisoner in American history

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

2. CZ Zhao Changpeng: Thank you for your concern and support! After serving my sentence, I will focus on the next chapter of my life

CZ speaks out for the first time after being sentenced

The exact date and location of the execution will be announced separately by the Bureau of Prisons and the Probation Office, and CZ also posted a message on X at around 8:30 in the morning to thank everyone for their support: I would like to thank everyone for their concern and support, whether it is writing letters, expressing support on X, or any other form. These all mean a lot to me and keep me strong. I will serve my sentence, end this phase, and focus on the next chapter of my life (education). I will continue to participate in cryptocurrencies as a passive investor (and holder). Our industry has entered a new stage. Compliance with regulations is very important. The one-line hope of this whole process is that Binance has been closely scrutinized. And the funds are safe (SAFU). Protect users!