CZ, co-founder of Binance, has acknowledged his mistakes and taken full responsibility for his actions, according to Binance co-founder He Yi. Despite facing a 36-month sentence request from the DOJ, CZ has appealed for a second chance in a letter to Judge Richard A. Jones. He emphasizes the necessity for compliance changes at Binance and his commitment to resolving matters before the court. Meanwhile, He Yi characterizes CZ as a guardian of the crypto industry but acknowledges his mistakes were rooted in ignorance. The plea for leniency mentions CZ's family ties and commitment to integrity despite past errors.