Changpeng Zhao Faces 3-Year Sentence: Friends, Family Seek Leniency
Coin Edition
Published Apr 26, 2024 10:52
Updated Apr 26, 2024 11:15
Changpeng Zhao Faces 3-Year Sentence: Friends, Family Seek Leniency
Coin Edition -
- Changpeng Zhao writes an apology letter to the court ahead of his 3-year prison sentence.
- The judge receives more than 161 support letters from Zhao’s family and friends seeking leniency.
- CertiK founder Ronghui Gu shares his support for Zhao, acknowledging him as a hero.
Changpeng Zhao, the former CEO of Binance, wrote a letter to the U.S. Judge from the Western District of Washington, Richard A. Jones, conveying apologies for his conduct ahead of his sentence. The judge also received about 161 support letters from Zhao’s family, friends, and acquaintances seeking leniency.
CertiK Co-Founder Ronghui Gu shared his support and regards for Zhao via an X post. Along with sending a support letter to the court, Gu wanted to publicly express his support for Zhao.
As per a recent court ruling, Zhao is expected to face a 36-month prison sentence on April 30 for violating anti-money laundering laws. In the recent letter, Zhao took complete responsibility for his actions and apologized for his “poor decisions.” He added, “There is no excuse for my failure to establish the necessary compliance controls at Binance.”
Zhao’s sister, Jessica Zhao, his wife, Yang Weiqing, Binance co-founder, He Yi, and many others wrote to the judge pleading for mercy. Jessica asserted that Zhao hasn’t misused customer funds and cares for others’ well-being. Meanwhile, He Yi stated, “If the cryptocurrency industry is compared to the Wild West, then CZ is the guardian of this wilderness.”
The post Changpeng Zhao Faces 3-Year Sentence: Friends, Family Seek Leniency appeared first on Coin Edition.
Read more on Coin Edition
Get The App
Written By: Coin Edition
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.