The case of the former CEO of the Binance cryptocurrency exchange Changpeng Zhao was postponed until April 30, 2024. This is reported by CNBC with reference to the notification of the federal court.
The court hearing in the CZ case was scheduled to take place on February 23, but it was postponed to April for unknown reasons. Zhao's lawyers declined to comment on the information.
Recall that in November 2023 CZ was found guilty of money laundering and violation of the law "On Bank Secrecy". At the same time, Binance agreed to pay fines totaling $4.3 billion as part of a guilty plea to conspiracy to conduct an unlicensed money transfer business.
Changpeng Zhao faces up to 18 months in prison. According to John Reed Stark, a former employee of the U.S. Securities and Exchange Commission (SEC), the Department of Justice will insist on a more severe punishment.