Post
Topic
Board Bitcoin Discussion
Merits 1 from 1 user
Re: Binance reaches deal to pay $4.3B settlement to American regulators
by
franky1
on 09/12/2023, 16:12:05 UTC
⭐ Merited by JayJuanGee (1)
We know SBF is a fraudster but CZ didn't help FTX investors when he controlled 20% stake in FTX. Binance received $2.1B for shares they paid $80M to buy. Is CZ better than SBF? CZ wouldn't plead guilty to money laundering if he's innocent.
he plead guilty to not being a regulated exchange in the US. there were not charges to suspect him of co-mingling users funds(fraud)
he plead guilty to not following the regulations of sanctioned countries(laundering). which he admits he didnt prrevent

CZ isn't going home to fly home he's staying in America until his sentencing. He'll face max 18 months jail

his plea's come with a 18 month possible sentence, but he has until february to pay the fines(his fines not binance company fines) which can reduce further/remove the sentence if paid before february