Binance founder Changpeng “CZ” Zhao’s defense team has asked the court to grant probation as he is a first-time, non-violent offender who committed an offense with no intention to harm anyone. Several factors including the crypto community support appropriately led probation to recommend a modest downward variance, CZ’s attorney claims.
Changpeng “CZ” Zhao Ask For Probation
In a sentencing memorandum submitted on behalf of former Binance CEO Changpeng “CZ” Zhao, attorneys claim Zhao should be sentenced to probation. While US prosecutors seek 36 months of prison sentence in the upcoming sentence hearing on April 30, attorneys cited multiple factors as to why CZ should get probation.
Nature and Circumstances of the Offense: CZ pleaded guilty to only anti-money laundering compliance failure and the government didn’t allege him to any crime involving money laundering, fraud, theft, market manipulation or any unlawful conduct
CZ Personal History and Circumstances Support L
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