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Here's Why Binance Founder CZ Got off with 4-Month "Slap on the Wrist"

Changpeng Zhao's lawyers had requested that he be sentenced to probation with no jail time. Binance founder and ex-CEO Changpeng Zhao was sentenced to four months in federal prison Tuesday for violations of anti-money-laundering laws during his time running the world's largest cryptocurrency exchange.U.S. Judge Richard Jones was skeptical of the government's request that Zhao, also known as CZ, be sentenced to three years in prison despite federal sentencing guidelines suggesting an 18-month sentence due to his cooperation with the investigation and his status as a first-time offender.Jones said during the sentencing hearing that he believed that Zhao had accepted responsibility for his actions and pointed to the more than 160 letters of support written by Zhao's family, friends and business associates as evidence of his good character.Zhao's lawyers requested that he be sentenced to probation with no jail time, arguing that "he has already shown remorse for his offense and, more impor
Here's Why Binance Founder CZ Got off with 4-Month "Slap on the Wrist"

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