🚨 Binance founder Changpeng Zhao (CZ) could spend three years in prison, according to a Reuters report.
Federal prosecutors have sought 36 months in prison for Zhao, underscoring the seriousness of his crimes under the Bank Secrecy Act. Additionally, the sentencing memorandum filed Tuesday recommends a substantial fine of $50 million.
The judicial process against Zhao has suffered delays. His sentencing has been postponed until April 30. Since his initial appearance in Seattle last year, Zhao has not been able to return to Dubai, where he lives with his partner and children.
Facebook allowed Netflix to look at its users' messages for almost a decade.
Meta, Facebook's parent company, would have allowed Netflix to access the messages of the social network's users for almost a decade in order to help the streaming company better adapt its own users' content, a new lawsuit points out. judicial.
It should be remembered that in 2018, it was already known that Facebook had shared data with around 150 companies, such as Microsoft, Amazon or Netflix.
Do Kwon, the co-founder of Terraform Labs, has been released in Montenegro while awaiting the resolution of his extradition, a process that has generated uncertainty about the country that will receive him. The Securities and Exchange Commission (SEC), in its capacity as plaintiff, has filed charges against Kwon and Terraform Labs for alleged legal violations, alleging that they made misleading statements and promoted investments in UST, their algorithmic stablecoin.
The case worsened when UST lost parity with the US dollar in 2022, due to problems in the Terra ecosystem. The SEC argues that these actions were the result of irregular practices in the management of reserves supporting both $UST and the Terra network's $Luna token.
The SEC is pushing for Do Kwon to take criminal responsibility for actions taken by Terraform Labs, involving a series of allegations and an ongoing investigation. Although Kwon has been temporarily released, the legal process continues and a decision on his extradition is expected to be made in the coming days.