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Former Binance CEO, Changpeng 'CZ' Zhao, faces a three-year prison term recommended by the U.S. Department of Justice for pleading guilty to anti-money laundering charges. The sentencing is scheduled for April 30, with over 160 friends, colleagues, and investors rallying in support of CZ to avoid prison time. The defense argues CZ's unawareness of illicit transactions on Binance and highlights that no defendant in a similar case has been sentenced to incarceration. In a letter to the judge, CZ has apologized for his 'poor decisions' and accepted full responsibility. The outcome remains uncertain as the crypto community closely watches this high-profile case.

Former Binance CEO, Changpeng 'CZ' Zhao, faces a three-year prison term recommended by the U.S. Department of Justice for pleading guilty to anti-money laundering charges. The sentencing is scheduled for April 30, with over 160 friends, colleagues, and investors rallying in support of CZ to avoid prison time. The defense argues CZ's unawareness of illicit transactions on Binance and highlights that no defendant in a similar case has been sentenced to incarceration. In a letter to the judge, CZ has apologized for his 'poor decisions' and accepted full responsibility. The outcome remains uncertain as the crypto community closely watches this high-profile case.

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