Meet-up with @CZ and a Healthy Conversation.

On Nov. 21, 2023, Zhao pleaded guilty to money laundering–related charges in the United States. As part of his plea, he resigned from his leadership position within his firm and agreed to pay a penalty of $50 million. But the resolution of his legal troubles did not conclude with this plea agreement. As the New York Times reported, federal sentencing guidelines suggest that Zhao could be sentenced to as much as 18 months in prison; prosecutors have not ruled out the option of seeking a more severe sentence, as indicated by statements from senior officials at the Justice Department. Sentencing is now expected in late April.

Changpeng Zhao, known as "CZ," is the founder and former chief executive officer (CEO) of Binance, the world's largest cryptocurrency exchange. Zhao founded Binance in 2017, which quickly grew in daily trading volume to more than $20 billion.

#CZBİNANCE #CZStrong