US prosecutors have postponed the sentencing of Changpeng “CZ” Zhao, the founder of the Binance cryptocurrency exchange, to April 30, CNBC reported late Monday..
Zhao was the former head of the largest cryptocurrency exchange by volume Accused He was indicted by the U.S. Department of Justice in November on money laundering and sanctions violations following a years-long investigation. Binance has been ordered to pay. 4.3 billion dollars Punishment and ‘complete withdrawal' from the United States
After the DOJ filed charges against CZ, he He came down As the CEO of Binance, handing over the power Richard TengHe previously served as Binance's Global Head of Regional Markets.
“Richard is a highly accomplished leader, and with more than three decades of financial services and regulatory experience, he will lead the company through its next period of growth.” He tweeted.. “He will ensure that Binance delivers the next level of security, transparency, compliance and growth.”
Although free on $175 million bond in Seattle, U.S. District Judge Richard Jones issued a travel order. Limitations Against the former cryptocurrency exec, banning Zhao from leaving the United States after prosecutors Flight accident.
In December, the legal team of Binance presented a lot Documents In federal court, the U.S. Securities and Exchange Commission intends to dismiss the lawsuit.
Although Zhao will pay a $50 million fine, the maximum will be expected. 18 months Or a year and a half in federal prison, CNBC said.
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