m what i read he was charged a week ago and made a deal to plead in exchange for a cash settlement(punishment) to avoid jail/prison/extradition
a whopping $4.3billion penalty for binance and $50m for CZ personally
CZ has to pay his $50m plea settlement between now and february to get a reduced sentance (from years) to be instead 10-18months
should be more like 25 years in my opinion.
CZ's "crimes"
1. operating a money transmitter service
2. not registering a money transmitter service
3. facilitating money transmits to iran
those arent crimes? i bet there's people doing 10 year sentences for just doing one of those in the above list.