Might be one of the Reason behind btc pullback 📉

CZ Apologizes and Accepts Responsibility*: Binance founder and former CEO Changpeng “CZ” Zhao penned a letter to the judge overseeing his case on April 24, expressing remorse for his actions and accepting full responsibility for his “poor decisions.”

US Prosecutors Recommend 36-Month Prison Sentence for Binance Founder CZ*: CZ pleaded guilty to violating money laundering requirements in the United States and resigned as CEO in November 2023. He personally faced a $50 million fine, along with larger penalties imposed on Binance.

Binance and CEO ‘CZ’ Plead Guilty to Federal Charges*: Changpeng Zhao, also known as “CZ,” the founder and CEO of Binance, is stepping down and has pleaded guilty to a number of violations brought on through the Department of Justice and other U.S. agencies.

DOJ Says Binance Founder Changpeng Zhao Should Spend Three Years in Prison*: The DOJ wants Zhao to serve 36 months after his guilty plea last year. Attorneys with the DOJ filed a sentencing memo arguing he should spend 36 months in prison and pay a $50 million fine after he pleaded guilty to violating the Bank Secrecy Act last November.#BTC