Binance co-founder CZ is set to face sentencing in a U.S. court in Seattle today, April 30, after pleading guilty to violating the Bank Secrecy Act. The Department of Justice has recommended a three-year prison term for CZ following his guilty plea, which includes charges related to bypassing federal sanctions and money laundering laws, including some transactions for Hamas and Iran. The allegations against him describe a business model where Binance allowed users to start accounts with just an email address for cryptocurrency-only transactions. This case highlights significant regulatory scrutiny on cryptocurrency exchanges and their operations.
CZ to be sentenced in the US today — what to expect https://t.co/J2SsqjBk3d
https://t.co/fZnozgypxa Owner C#obra Warns About #Bitcoin Self Custody Illegalization in The #US https://t.co/ghISakbHW2
Binance’s clash with the SEC is up next as CZ faces sentencing https://t.co/FROaIvZdbq
Binance founder faces sentencing for allowing money laundering, some for Hamas and Iran https://t.co/L9DPrKS1Qi
Binance founder faces sentencing in US court over money laundering allegations https://t.co/YHSfozgVJI https://t.co/iv3g9rZoyN
Ahead of CZ's sentencing on April 30, a look at the contrast between CZ/Binance and SBF/FTX, as Binance claims more than 40M new users in 2023, up 30% YoY (Bloomberg) https://t.co/ppW2ZzfIxu 📫 Subscribe: https://t.co/OyWeKSRpIM https://t.co/d0nigXvGV9
🚨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
my dad CZ is getting sentenced tomorrow 😩 https://t.co/W9TVb1rsIS
Binance’s CZ may become the richest person ever to go to jail in the US. How did it all come to this? Read The Big Take ⬇️ https://t.co/HRc09t3A9u
Ex-Binance chief set for sentencing in US court https://t.co/X4XRHSxydl
👨⚖️ 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
Cz sentencing tomorrow?
More crypto: weighing $4 billion+ penalty against Terraform Labs and Do Kwon, SDNY Judge Rakoff sets a May 22 hearing, and briefing below. As with the trial (like SBF's https://t.co/ExLjXQJArQ ) Inner City Press will cover it all - watch this feed https://t.co/O9Tfae5Sve https://t.co/fV8JtqVE1t
Binance’s CZ may become the richest person ever to go to jail in the US. How did it all come to this? Read The Big Take ⤵️ https://t.co/4od9yTLBVu
Binance and CZ's Fortunes are set to grow -- jail or no jail: https://t.co/aX2KY7vluo by @MuyaoShen and me, edited by @Reganonymous
Binance’s CZ may become the richest person ever to go to jail in the US. How did it all come to this? https://t.co/KsdXaxYwOm
Binance’s CZ may become the richest person ever to go to jail in the US. How did it all come to this? Read our Big Take @crypto via @business https://t.co/Y6sSQ8m3AP
Binance's CZ Will Spend Less Than a Year in Prison, Polymarket Traders Bet https://t.co/jzsCvuEcFW via @coindesk
What will CZ's sentence be?
How long will CZ’s sentence be? The gamblers say: https://t.co/b5i6zsJWD0
Here's why Sam Bankman-Fried is turning against A-list FTX boosters—and what could happen to them. (via @FortuneCrypto) https://t.co/QSftKUOBGm
OK - now at sentencing of Rikesh Thapa who's pled guilty to stealing $1.3 million from the "small start-up tech firm" where he worked, including in cryptocurrency and tokens. Inner City Press as only media in the courtroom will live tweet, thread below https://t.co/8i17kxFKXG
How CZ’s sentencing is just the start of Binance’s problems https://t.co/SboUdjLTNc
JUST IN: POLYMARKET TRADERS THINK CZ WILL SPEND LESS THAN A YEAR IN PRISON
Is CZ going to jail? Sentencing tomorrow - survey says: https://t.co/x5rJHalnGt
The sentencing is scheduled for tomorrow... An attack against CZ is an attack against the whole crypto industry. Let's hope for a good outcome 🙏 https://t.co/j4Etwe9KG2
Binance founder faces possible three-year jail term over ‘wild west’ business model https://t.co/uis5oXdXTD
ICYMI: DOJ recommends three-year prison term for Binance co-founder CZ following guilty plea to Bank Secrecy Act violations. Allegations include bypassing federal sanctions and money laundering laws. Details: ↓ https://t.co/veYblz3geR
With CZ sentencing hearing set for Tuesday let's recap what the charges stem from: In the charges against him, prosecutors describe how Binance allowed users to start accounts with nothing more than an email address, so long as they stuck to cryptocurrency-only transactions…