Breaking news! Sentencing of Former Binance CEO Changpeng Zhao Has Been Announced
Changpeng Zhao in the Courtroom
What was CZ's sentence as a result of the trial?
In the cryptocurrency world today, everyone was waiting for what the court would decide regarding former Binance CEO Changpeng Zhao. We tried to share the developments throughout the hearing with you on our page X. Let's look at the details again and talk about what the penalty is.
Changpeng Zhao in the Courtroom
After CZÂ arrived in the courtroom and the hearing began, prosecutors reiterated their request for a 26-month sentence for CZ. However, the judge expressed his disagreement with the prosecutors on this issue. He even reiterated that he did not agree with this request of the prosecutors.
The judge also emphasized that there was no evidence that CZ was informed of illegal activities. Then, the parole department stated that giving the former Binance CEO a 5-month house arrest sentence was sufficient. Speaking later, CZ's lawyer stated that there was no situation that required a prison sentence and gave the example of Arthur Hayes, who was tried in the past.
What was CZ's sentence as a result of the trial?
In fact, everyone was wondering what the punishment would be, not the trial itself. CZ stated that he respects the law and that he fought for this when he was the CEO. As the trial ended, the Judge announced that the sentence given to CZ was 4 months in prison. ytd information
