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News related to Crypto / Re: Binance founder Changpeng Zhao sentenced to four months in prison
« Last post by ABCbits on Today at 01:29:22 PM »QuoteJudge Richard Jones told Zhao that there were a number of mitigating factors in his sentencing, including that he had cooperated with law enforcement.I'm really curious if after 4 months he will just go underground and stop every social media interaction, much like Jack Ma did when China got angry at him.
Time will tell, either way, there was no chance he would face the maximum prison term, after all, he came willingly to the US to be prosecuted.
US government is less authoritarian than China government, so i doubt it's happening. And i don't even remember CZ insult US government directly. So i expect he'll back active on social media.
This is the kind of sentence that you'll get if you fully cooperate with the US, this is like a slap in the wrist and it's like CZ goes on a vacation, I don't know if this is a bad precedent for people who do money laundering.
After CZ finishes his prison sentence, he could go back to managing his businesses but with restrictions as the government will watch him because of his record.
But i wonder how many people who do money laundry actually can receive light prison time and small fine (compared to what they earned).