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Author Topic: Binance founder Changpeng Zhao sentenced to four months in prison  (Read 341 times)

Offline Stompix

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As I said a few days ago, the lighter the sentence the more likely he gave them everything and ratted everyone

I wonder if this means that SBF and co. will get even longer jail sentences as well as everyone else who Binance dealt with who has now been arrested.

No, it can't! He can't be trailed again on those charges, the DoJ has made it clear and the deal with the extradition would prevent him from having a second trial on any charges, including the ones that the DoJ dropped and did not go on prosecute. Same for the other guys everyone went on a plea deal on the terms they would face only a few charges against them, and the DoJ wouldn't risk making a fool out of them for a few extra months in prison.

The only thing that could bring him in trouble again would be documents revealing a new fraud unrelated to FTX but I really doubt that!

And obviously he is not scared of the United States either as Binance is not even based there.

He was scared enough to come on his own to the US, plead guilty to everything, pay 4 billion, cease every social media interaction since then, and so on.
As for being based there, common, there was a funny map on the net about US jurisdiction, with 800km from anywhere where an aircraft carrier can go!  ;D
The guy has billions, do you think he would throw away a life in luxury for himself and three generations when he could simply comply with what the DoJ demands?
Imagine you would have 100 billion, would you risk freedom and life for ...what? Let's be honest about it!





« Last Edit: Today at 04:09:18 PM by Stompix »
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Offline Zed0X

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I am very sympathetic to CZ on his case in USA and I was actually sad of learning that he is facing some possible jail time...now when the sentence finally came there is a big sigh of relief that it is just actually just four months.
I don't get why you're sympathetic towards him when he's just one of the many cunning businessman. If you've had your KYC with Binance before the case, most likely all your information and history has been handed out to the US law enforcement or maybe including Interpol. That's probably one of the main reason why he only got a light sentence.

Online dkbit98

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I do not think Canada sued CZ but Binanace instead for violation of local securities laws. That Binance sold crypto derivative products to Canadians. I am expecting Binance CEO or a representative to be the one to handle the case instead and should not be about CZ prosecution.
CZ = Binance  8)
I don't know the exact details about this case, but I know it's not only US and Canada, they have legal problems in Philippines and maybe in some other countries.
Most people in CZ place would do things differently, but it's easy to be the general when the fight is over.
It's not that I am supporting CZ, but how things are going with latest arrests, we could be facing very dark future.  :P
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