Binance Founder CZ Awaits Sentencing Following Guilty Plea in US Court

Key Takeaways

Binance founder Changpeng “CZ” Zhao pleads guilty to money laundering, part of a $4.3 billion settlement with US agencies.
Zhao faces up to 18 months in prison, with sentencing set for February 2024; currently released on a $175 million bond.
US prosecutors challenge Zhao’s request to return to the UAE, citing flight risk concerns.

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