📢Big news in the crypto world! Binance founder Changpeng Zhao (CZ) has issued a heartfelt apology for his past oversights and is asking for a second chance. 🙏

CZ is due for sentencing on April 30th following his settlement of charges with the U.S. Department of Justice (DOJ) last November. Despite waiving his right to appeal any sentence up to 18 months, the DOJ is pushing for a 36-month sentence. 😮

In a letter to Judge Richard A. Jones, CZ acknowledged the need for earlier compliance changes at Binance and highlighted the strict controls implemented during his tenure. He also expressed his desire to resolve matters and pursue new opportunities. 📝

Meanwhile, Binance co-founder He Yi has defended CZ, stating that his biggest mistake was ignorance. As a startup with no legal expertise, the founding team, including CZ, faced challenges. However, CZ won over users with his fairness, integrity, and strong sense of responsibility. 👏

CZ's plea for leniency includes mentions of his family members, including his wife and two children attending U.S. institutions, and his sister, a former Managing Director at Morgan Stanley.

Binance settled charges for U.S. anti-money-laundering and sanctions violations last year, resulting in penalties of $4.3 billion and oversight from authorities. 🏛️

Stay tuned for more updates on this developing story! 🚀