Changpeng Zhao, the founder of Binance, the world's largest cryptocurrency exchange, is set to be sentenced on Tuesday in a U.S. court in Seattle. Zhao pleaded guilty last November to one count of violating the Bank Secrecy Act, related to failing to prevent money laundering on the platform. His offenses include failing to report over 100,000 suspicious transactions linked to various illegal activities. The U.S. Department of Justice has recommended a three-year prison term, citing the scale of his misconduct. Zhao's defense is hoping for probation after he has already paid a $4.3 billion fine. Polymarket bettors, however, speculate that Zhao might serve less than a year. The final decision will be made by the judge overseeing the case.
Live coverage of @cz_binance's sentencing hearing: DOJ aiming for 3 years in prison, defense advocating for house arrest and probation. Stay tuned for updates. 🧵
CZ Sentencing cont: CZ says he’s no worse than @BitMEX @CryptoHayes 👀 Zhao has already penned his heartfelt letter to Judge Richard Jones who will be determining the length and terms of his punishment. After Zhao chest-beat about his allegedly voluntary cooperation with…
If you're looking for live coverage of Binance founder CZ's sentencing: https://t.co/3jLmRuNO6g https://t.co/bkTzpWCR8U
Changpeng Zhao finds out today how long he will spend behind bars. The verdict will punctuate just one of the Binance’s legal battles. And it’s a preamble to potentially fiercer challenges ahead. The latest from myself and @Joanna_Focus. https://t.co/4lGxPsOsLT
From co-founder to convicted: CZ jail time caps years of Binance legal woes https://t.co/LEhxiUEkDo
.@cz_binance's prison sentencing is today. The market thinks he'll get 6 months. I'll send $250 to whoever predicts the length of his sentence👇 https://t.co/cHcepIcOyv
.@cz_binance's prison sentencing is today. I'll send $250 to whoever predicts the length of his sentence👇 https://t.co/NDefGtrXEd
Changpeng Zhao, the founder of Binance, the world's largest cryptocurrency exchange, faces sentencing today, with U.S. prosecutors asking a judge to give him a three-year prison term for allowing rampant money laundering on the platform. https://t.co/e7Z26ymmK1
Prayers for @CZ_binance and the judge to take it easy on his sentencing today 🙏🙏
Former Binance CEO Changpeng Zhao faces sentencing in U.S. over money laundering violations https://t.co/NiEKrQFgEQ
BINANCE FOUNDER CHANGPENG ZHAO (CZ) WILL APPEAR IN COURT FOR SENTENCING TODAY! LET'S PRAY FOR CZ COZ HE HAVE DONE ALOT OF GOOD FOR CRYPTO INDUSTRY. 🙏❤️ https://t.co/QvXTvIT96X
.@olgakharif @MuyaoShen @business cover today's sentencing of #CZ w/ @DennisKelleher explaining "The DOJ should have charged dozens of people connected to @binance and should have not only prosecuted them and punished them but barred them from the financial industry forever. If…
NEW: CZ is due in court today to face sentencing. Prosecutors say Zhao violated U.S. law on an “unprecedented scale,” showing a “deliberate disregard” for Binance’s legal responsibilities. Legal experts believe he is facing between 10 months to 3 years behind bars. https://t.co/2LaDBhjfoK
Binance founder and former CEO Changpeng "CZ" Zhao will learn how much time, if any, he'll spend in prison today. https://t.co/mhflhiReI0 We asked you how much time you think CZ should get. Here's what you said 👇 https://t.co/U59Ys7FUtp https://t.co/5w7h6moxWS
Binance founder and former CEO Changpeng Zhao is set to appear before a federal judge in Seattle today. @nikhileshde @realDannyNelson report https://t.co/0riH8xWGPX
He will be sentenced to one to three years for turning a blind eye to money laundering at Binance. (via @FortuneCrypto) https://t.co/OZmHtUEqab
Binance founder and former CEO Changpeng Zhao is set to face sentencing in a federal court in Seattle on Tuesday. What to know: https://t.co/QGeF87XUBE https://t.co/L9iom4RBVG
Changpeng Zhao, the founder of Binance, the world's largest cryptocurrency exchange, faces sentencing in a Seattle courtroom, where U.S. prosecutors are asking a judge to give him a 3-year prison term for allowing rampant money laundering on the platform. https://t.co/hCiyNv2edn
US seeks 3-year prison sentence for Binance founder over money laundering charges https://t.co/LsoS3e6bhh
Binance Founder Changpeng Zhao Will Be Sentenced Today—Federal Prosecutors Seek Three Years In Jail https://t.co/S3i7bBlKFD https://t.co/we9fJmuCpK
Here's why @cz_binance should not be sentenced👇 - He admitted his mistakes and cooperated with the investigation. - @binance paid a fine of $4.3 billion. - CZ has embraced effective altruism through charity - He's a leader in the crypto space and his absence could hurt the… https://t.co/LTMdxpBVDw
Binance's CEO Zhao faces sentencing over money laundering violations https://t.co/Pm8djrAUDw https://t.co/UTaAtSNmdy
The former chief executive of Binance, the world's largest cryptocurrency exchange, could face years in prison when he is sentenced after his guilty plea to violating US money-laundering laws https://t.co/ySntGVnmvn https://t.co/kyGLzQVjAc
Binance founder Changpeng Zhao faces sentencing; US seeks 3-year term for allowing money laundering https://t.co/GpwLOXWrZn
⚠️ BINANCE'S CEO ZHAO FACES SENTENCING OVER MONEY LAUNDERING VIOLATIONS Full Story → https://t.co/nkwB7kT3AY The former chief executive of Binance, the world's largest cryptocurrency exchange, could face years in prison when he is sentenced on Tuesday after his guilty plea to… https://t.co/fJAbVeox8B
Changpeng Zhao, the founder of Binance, is facing sentencing today. @cz_binance is a visionary, not a criminal. CZ doesn't deserve this. He's passionate about crypto's potential to change the world. Let's show our support! 💪 https://t.co/tSAjtTigVy
Binance founder faces sentencing in US court over money laundering allegations https://t.co/YHSfozgVJI https://t.co/iv3g9rZoyN
🚨NEWS: @cz_binance founder of Binance will be sentenced in a U.S. court in Seattle today after pleading guilty to one count of violating the Bank Secrecy Act last November. https://t.co/CQs5dgMc8n
Ex-Binance chief set for sentencing in US court https://t.co/X4XRHSxydl
CZ of Binance will be sentenced in a U.S. court in Seattle tomorrow after pleading guilty to one count of violating the Bank Secrecy Act last November. The Department of Justice has recommended 3 years in prison, citing the scale of his misconduct. Why 3 years? CZ's plea… https://t.co/Bm5ijjPfTY
👨⚖️ If Binance founder @cz_binance is sentenced to prison time on Tuesday, a minimum security “camp” won’t be an option for him. By @the_postman_ 🗞️Read more: https://t.co/VD3pRQ8tCr
Binance Founder Changpeng Zhao’s Sentencing on Tuesday: What to Expect 👨⚖️ If Binance founder @cz_binance is sentenced to prison time on Tuesday, a minimum security “camp” won’t be an option for him. By @the_postman_ 🗞️Read more: https://t.co/21sy7ARxGr https://t.co/Z0oKSwIEx4
Binance's CZ Will Spend Less Than a Year in Prison, Polymarket Traders Bet https://t.co/jzsCvuEcFW via @coindesk
🚨 CZ of Binance’s sentencing is tomorrow. The DOJ is recommending 36 months. CZ is recommending 4 (kidding). His team is hoping for probation after CZ has already paid a $4.3B fine. https://t.co/TxnOPjvpmJ
BREAKING: @BINANCE FOUNDER CZ WILL BE SENTENCED IN A US COURT IN SEATTLE ON TUESDAY
Binance founder and former CEO Changpeng "CZ" Zhao will be sentenced in a US Court in Seattle on Tuesday, per Bloomberg.
❖ BINANCE FOUNDER AND FORMER CEO CHANGPENG "CZ" ZHAO WILL BE SENTENCED IN A U.S. COURT IN SEATTLE ON TUESDAY. https://t.co/LdtcyyHNzX
Binance founder and former CEO Changpeng "CZ" Zhao will be sentenced in a U.S. court in Seattle on Tuesday. The @TheJusticeDept thinks he should spend three years in prison. @Polymarket bettors think he'll be out much sooner. What do you think? 🤔 https://t.co/s1L0xgEvkN https://t.co/fBQyXWteYi
How CZ’s sentencing is just the start of Binance’s problems https://t.co/SboUdjLTNc
Former Binance CEO Changpeng “CZ” Zhao's sentencing hearing will take place on Tuesday, giving both the U.S. Department of Justice and his defense attorneys a chance to argue over how much prison time he should serve after pleading guilty to one count of violating the Bank…
Binance's CZ will be sentenced in a U.S. court Tuesday. The DOJ says he should spend three years in prison. @Polymarket bettors think he'll be out much sooner. Prediction market wrap by @TheSamReynolds https://t.co/v5yZSA58ot
Tomorrow @binance's #CZ will be sentenced for his many egregious crimes including money laundering failing to monitor and stop money laundering, including, failing to report over 100,000 suspicious transactions linked to ransomware, child sexual abuse, large-scale hacks, the…
It goes without saying that @cz_binance absolutely does not deserve any prison time. He has already sacrificed enough. Hopefully the Judge comes to the same conclusion 🙏
ANALYSIS: The DOJ surprised many when it recommended that Binance founder CZ spend three years, and not 18 months, in prison. This is all part of the sentencing process, however. @nikhileshde reports. https://t.co/h95VxM5g1g
❖ BINANCE FOUNDER CHANGPENG ZHAO APOLOGIZES AHEAD OF SENTENCING, 161 OTHERS SEND LETTERS OF SUPPORT Zhao is scheduled to be sentenced on April 30 after he and Binance settled charges with the U.S. Department of Justice (DOJ) in November 2023. Despite Zhao waiving the right to… https://t.co/RXyzMrtHp7
DOJ RECOMMENDS 3-YEAR SENTENCE FOR BINANCE’S CZ The Department of Justice has recommended a three-year prison sentence for Binance founder Changpeng "CZ" Zhao, which is double the federal guidelines. This recommendation comes as CZ faces charges related to significant violations… https://t.co/dbJJRYDOxY
The Department of Justice (DOJ) is recommending that #ChangpengZhao, the founder of the world’s largest crypto exchange, #Binance, serve 36 months in prison after he pleaded guilty to violating money-laundering laws. https://t.co/rXdZnIJ3KU
Federal prosecutors asked a Washington federal judge to sentence Binance founder Changpeng Zhao to three years over his failure to implement an effective anti-money laundering program at his crypto exchange. https://t.co/4c9JainI95
Changpeng Zhao, the founder of Binance, the world's largest cryptocurrency exchange, should serve 36 months in prison after pleading guilty to violating laws against money laundering, U.S. prosecutors have said per Reuters.