Former Binance CEO Changpeng Zhao (CZ) apologized for his “bad decision” and took full responsibility. Meanwhile, another Binance founder, He Yi, admitted that CZ may have made mistakes, but the biggest one was his ignorance 🤷♂️.
CZ will be sentenced on April 30 after settling the case with the US Department of Justice (DOJ) in November 2023. The DOJ requested a sentence of 36 months even though CZ had previously waived his right to appeal a sentence of up to 18 months.
CZ turned himself in voluntarily and accepted responsibility in the case, with the hope of resolving matters before trial and pursuing new opportunities. He also asked for a second chance, recalling his unconventional and integrity-filled career path.
He Yi, founder of Binance and mother of CZ's three children, describes him as a guardian of the cryptocurrency industry. According to him, the founding team, including himself, had no legal expertise and most members, except CZ, could not read English.
However, with limited experience and legal knowledge, CZ managed to win over users with fairness, integrity, and a strong sense of responsibility for the industry, despite making mistakes. What do you think? Does Shizu deserve a second chance? Come on, discuss it in the comments column! 😊
#Binance #CZ #CryptoNews
'For me personally, CZ is a hero in cryptocurrencies, without him there would be no crypto market like today. He surrendered himself voluntarily so that there would be no more things about him that could have a bad impact on the market, and hopes that this problem will end here.'
