Bad Decision From The Judge To CZ!

Seattle’s U.S. District Court Judge Richard A. Jones has denied the request for travel by Changpeng Zhao (CZ), the former CEO of Binance, who is expecting potential penalties in the United States for violating banking laws.

Changpeng Zhao had applied for permission to travel, but after the hearing held in Seattle on Friday, Judge Jones rejected Zhao’s request. The reasons for Zhao’s proposed travel and the destination he intended to visit remain confidential as they were submitted to the court under seal.

Eski Ceo CZ’ye şuan en fazla 10 yıl hapis cezasıyla karşı karşıya olması bekleniyor. Bununla beraber, bir savunma anlaşması uyarınca, 18 aydan fazla ceza almaması bekleniyor. Ayrıca görünüşe göre onu kripto para sektöründe diğer önemli figürlerin karşılaştığı ağır cezalardan koruyor. Adalet Bakanlığı, önereceği cezanın süresini henüz açıklamadı.

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A federal judge in Seattle had decided in late November not to allow CZ (Changpeng Zhao) to return to his home in the United Arab Emirates for now. Zhao’s sentencing is scheduled to be announced on February 23rd.

Binance exchange had agreed to a settlement with U.S. authorities, accepting Zhao’s resignation as CEO and agreeing to pay a $4.3 billion fine. Many experts, however, consider this a favorable deal for the company, believing that they have now eliminated the regulatory threat at a relatively low cost.

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