Binance founder Changpeng ‘CZ’ Zhao sentenced to 4 months in p | 🔸️Ethereum | Bitcoin & Altcoin News
Binance founder Changpeng ‘CZ’ Zhao sentenced to 4 months in prison
Former Binance CEO Changpeng Zhao has been sentenced to four months in prison, according to a report from Bloomberg on April 30. Zhao’s final sentence is considerably less than the three-year prison sentence prosecutors were seeking — more than twice the recommended guideline for the relevant charges. A separate report from Fortune noted that Zhao will pay a $50 million personal fine, allowing him to keep most of his $43 billion in personal wealth. Zhao will be the wealthiest individual in the US prison system, according to the report.
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