🔔Breaking News🔔: Binance's former CEO, Changpeng "CZ" Zhao, is set to swap his crypto crown for a prison jumpsuit. U.S. prosecutors are recommending a 36-month sentence for CZ's money laundering missteps. 😮
Despite the federal guidelines suggesting a max of 18 months, prosecutors argue that CZ's "willful violation" warrants a longer stay in the slammer. CZ, who stepped down from Binance in 2023, has been enjoying freedom on a $175-million bond. 💰
In a twist, Binance paid a hefty $4.3 billion fine to the U.S. government, allowing them to continue operations while CZ takes the fall.
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Stay tuned for more updates. 🚀