Post
Topic
Board Exchanges
Re: Binance founder should be jailed for 36 months, US prosecutors say
by
Synchronice
on 01/05/2024, 08:42:54 UTC
Surprise, surprise, Changpeng Zhao sentenced to four months in prison instead of 3 years (36 months). This is so ridiculous! As the US says, Binance, whose CEO was CZ, didn't report thousands of suspicious transactions that were designated with terrorist groups and it allowed the sale of child sexual abuse materials. I would expect life imprisonment for such a guy but holy moly, only 4 months for him. So, if you pay $4.32 billion penalty and $100 million on top of that, you can do whatever you want, you'll only have to spend 4 month in prison and then your sins are forgiven. What a shame, people spend life in prisons for things like smoking a weed and guys like him only spend 4 months.

Here is the source article: https://www.reuters.com/legal/binances-ceo-zhao-faces-sentencing-over-money-laundering-violations-2024-04-30/