Binance Spokesperson and Former Official Speaks About CZ's Prison Sentence!

Former Binance Chief Strategy Officer and Binance spokesperson made new statements.

Changpeng Zhao (CZ), the founder of the giant cryptocurrency exchange Binance, was recently sentenced to 4 months in prison. Officials from the US Department of Justice and the Probation Office wanted CZ to receive a 3-year prison sentence.

After this prison sentence was announced, former Binance Chief Strategy Officer Patrick Hillmann made the following statement to journalists:

“This prison sentence is a fair outcome for someone who has balanced previous missteps with his historic move to make Binance more compliant in recent years.

"I'm happy that CZ can serve his time and put this behind him."

Apart from Patrick Hillmann's statements, Binance Spokesperson also shared the following words on the subject:

“As Binance, we are proud of the culture of compliance, security and transparency we have established in recent years and continue to improve this culture.

We have recently made significant improvements in compliance and updated our KYC program.

“As Binance, we have expanded our money laundering detection and analysis capabilities and hired top-level law enforcement personnel.”