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In the world of cryptocurrency, today everyone was eagerly waiting to see what the court would decide regarding former Binance CEO Changpeng Zhao. We tried to share the developments during the hearing from our page X. Let’s revisit the details and discuss what the penalty was.
Changpeng Zhao in the Courtroom
CZ entered the courtroom and after the hearing began, the prosecutors reiterated their request for a 26-month prison term. However, the judge displayed an attitude of disagreement with the prosecutors. He even reiterated his disagreement with their request.
The judge also emphasized that there was no evidence that CZ was aware of any illegal activities. Subsequently, the probation department stated that a 5-month house arrest would be sufficient for the former Binance CEO. Later, CZ’s lawyer spoke up, stating that there was no situation warranting a prison sentence, citing the case of previously tried Arthur Hayes.
What Was CZ’s Final Sentence?
Actually, everyone was more curious about what the sentence would be rather than the trial itself. CZ stated that he had always respected the laws and fought for this during his tenure as CEO. As the trial concluded, the judge announced that CZ’s sentence was a 4-month prison term.
