Changpeng Zhao, former Binance CEO, faces a potential 10-year prison sentence and strict travel restrictions due to a violation of the Bank Secrecy Act.
The DOJ is challenging a court decision that allows Zhao to stay in the UAE, citing his wealth and connections as flight risks.
Changpeng Zhao, the founder and ex-CEO of Binance, is facing a potential decade-long prison sentence. The U.S. Justice Department, in a recent court filing, not only highlighted stringent travel restrictions for Zhao but also unveiled the looming possibility of a substantial prison term. This revelation is part of a broader legal saga, which includes a massive $4.3 billion fine levied against the world’s largest Bitcoin trading platform for various compliance failures.
Breaking News: U.S. DOJ Reveals That Prosecutors May Argue That CZ Should Be Sentenced To 10 Years In Prison
The U.S. Department of Justice (DOJ) charged ChangPeng Zhao (CZ) with, and CZ pled guilty to, one count of violating the Bank Secrecy

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