It's official CZ pleaded guilty to a felony charge of violating money laundering laws. CZ's on bail at $175M. He's replaced by Richard Teng after he resigned as CEO of Binance. The exchange's got to pay $4.3B to settle the case.
Did we consider Sam Bankman Fried & Changpeng Zhao would've been convicted criminals in 2023? They're going to be sentenced next year.
Bro this story has been shared a hell lot of times here on BTT but I think you did not notice that, anyway, Sam Bankman and CZ should not be compared as equal convicted criminals because IMHO they are not that's why CZ was fined while SB is in custody. Overall they both were two different cases.
Besides their comparison, CZ did commit a crime that he should have prevented but we all know which who had the most power of which one, and this issue got hype due to the funding that goes into many Hamas, or other states as funds via Binance, and on confirmation those accounts used to send funds are seized even though DOJ get a chance to extract money out of Binance.
And according to the plea Binance has to give them back all the money that they earned via Fee from US citizens including all other earnings they made.