Crypto billionaire ‘CZ’ sentenced to four months in prison

As a seasoned crypto investor with over a decade of experience in this volatile market, I have witnessed firsthand the meteoric rise and fall of numerous players. The latest development in the case of Changpeng Zhao (CZ), the former CEO of Binance, has left me both surprised and concerned.

Today in Seattle court, Judge Richard Jones announced the sentence for Changpeng Zhao, the billionaire ex-CEO of Binance. Contrary to the 25-year prison term handed down to crypto entrepreneur Sam Bankman-Fried, who founded the now defunct FTX exchange, CZ was sentenced to just four months in prison.

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2024-04-30 22:15