U.S. prosecutors postponed the sentencing of Binance cryptocurrency exchange founder Changpeng Zhao (CZ) to April 30. CNBC Reported late Monday.
Zhao, the former CEO of the largest cryptocurrency exchange by trading volume, charged After years of investigation, the U.S. Justice Department in November charged him with money laundering and sanctions violations. Binance has been ordered to pay $4.3 billion They are punished and ‘completely leave’ the United States.
After the DOJ indicted CZ, he stepped down As CEO of Binance, I grant you the following authority: Richard TengHe previously served as Global Head of Regional Markets at Binance.
“Richard is a highly qualified leader and will bring more than 30 years of financial services and regulatory experience to lead the company through its next phase of growth,” said Zhao. tweeted. “He will ensure Binance delivers the next phase of security, transparency, compliance, and growth.”
Despite being free on $175 million bond in Seattle, U.S. District Judge Richard Jones imposed the trip. limit Zhao has been blocked from leaving the United States after prosecutors against the former cryptocurrency executive deemed him as flight risk.
Last December, Binance’s legal team filed several lawsuits. document Went to federal court to dismiss a lawsuit filed by the U.S. Securities and Exchange Commission (SEC).
Zhao has already paid a $50 million fine, but the maximum fine is 18 months Or spend a year and a half in federal prison, CNBC said.
