Post
Topic
Board Bitcoin Discussion
Re: CZ Sentenced, Your Bitcoin in their Custody
by
sokani
on 01/05/2024, 10:35:49 UTC
I don't even see him committing any crime and what is happening is just an abuse of power by the US government.
I do not see it as flexing of muscles by the US government. Binance is also having regulatory issues in other countries like the Philippines, Canada, Nigeria, India etc.

CZ and the Feds came to an agreement it seems but they couldn't let him go without a punishment because it would leave a bad image on the Feds. So they come with this joke-like sentence. I don't even believe CZ will do his time like the other prisoners. His punishment will be a vacation in a 5 star hotel for 4 months probably. Imagine spending 4 months in a hotel, I would go insane. Poor CZ.
You've got a point. The way the DOJ was going about the case, that they wanted to make an example of him to send a clear message to others, I thought CZ was going to get something stiffer, perhaps the 4 months imprisonment may just be a charade.