The verdict in Changpeng Zhao’s court battle with the United States government will be delayed, according to a notice filed in a Seattle court.
CZ, who pleaded guilty to violations of AML procedures, was allowed to remain out of custody until his sentencing in exchange for a bail bond of $175 million. A further $15 million was deposited into a trust account to be confiscated in case the terms of his bail were breached.
Zhao was also required to pay a fine of $50 million, while the exchange he previously ran suffered a fine of $4.3 billion. He has since stepped down as CEO.
Two Month Delay
Binance’s former CEO was originally supposed to face the court’s verdict later this month.
However, the court’s deliberation will only come to an end on the 30th of April. A document informing the public of the postponed sentencing was published on the 12th of February, according to CNBC. Zhao’s lawyer also declined to comment on the matter due to privacy concerns.
Unfortunately for CZ, this
We współpracy z: https://cryptopotato.com/czs-sentencing-postponed-by-2-months-for-unknown-reasons-report/
