💬 “There is no excuse for my failure to establish the necessary compliance controls at Binance”

CZ apologizes before sentencing and notes that this will be his only "encounter with the criminal justice system."

Changpeng Zhao apologized for his "bad decisions" and accepted "full responsibility" for his actions in a letter to the judge.

CZ also recalls that he wants to support biotechnology companies and young people.

In addition to the letter from the former Binance CEO, 161 other letters of support were sent by family members, friends and others seeking leniency from the judge$BTC $BNB #Binance #SEC #Bitcoin