The criminal sentencing of “@cz_binance” has been postponed until April 30.
He did not explain the reasoning behind what would amount to a two-month delay in sentencing CZ
Federal sentencing guidelines suggest a maximum sentence of 18 months in prison for CZ, but prosecutors reportedly considered seeking a harsher sentence
A federal judge last month denied a request from Binance founder CZ to travel to his home in the United Arab Emirates to attend “surgery and recovery time.”
Although he offered to provide his Binance assets as security for his return to the United States, according to a new court document.
The value of the assets that CZ placed as collateral for his return to America amounted to $4.5 billion, based on the last round of fundraising for the “Binance” platform two years ago, as CZ’s lawyers indicated in their letter dated December 22 to Judge Richard Jones.
CZ pleaded guilty in November in Seattle federal court to failing to maintain an effective anti-money laundering program at the company. Binance then agreed to pay fines worth $4.3 billion in this case.
CZ, who resigned as CEO over his confession, was scheduled to be sentenced on February 23.
CZ remains free on $175 million bail and resides in the United States of America.
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#العملات_الرقمية