I think CZ got away with a very modest sentence (if that's the total sentence, based on all charges), good for him. That makes it seem that the crime wasn't a big deal, which can also be good for the reputation of Binance.
But CZ being in prison doesn't mean that Binance will stop working (especially when we're talking about the global exchange) or that people wouldn't be able to use the funds they have there. I'm all for self-custody and I don't keep funds on exchanges, but I'm just pointing out that this particular news on CZ probably doesn't affect the money on the exchange.
Do you even realized that CZ is not the CEO of Binance anymore right? He step down to avoid being dragged down the exchange with his case which is effective since the exchange is operating normally despite the legal charges to CZ. His “4” is really effective on mind conditioning his blind follower to absorb the impact of his sentence since this will cause a major setback on exchange if CZ doesn’t condition his followers properly just like what happened to FTX.
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Oh wait, looks like i missed out the news that he stepped down. Looks like i worried for nothing that related to CZ sentenced.
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Am sure that the exchange, Binance would get to function well despite the absence of CZ. Binance still remains one of the best exchanges to use and if changes like this, that is as a result of court conviction lingers much, we may have to jump ship and use an exchange that suits our portfolio well.
For even self custody, one would have to acknowledge the minimum amount that can be received or sent to the wallet of choice.