CZ will be sentenced in the U.S. District Court for the Western District of Washington on April 30

On April 16th, it was reported that former CEO of Binance, CZ, will receive a sentence on April 30th at the federal district court in the Western District of Washington, USA. Judge Richard Jones will hear statements from the prosecutor and CZ's lawyers. In November 2023, he pleaded guilty to violating the Bank Secrecy Act by failing to maintain effective anti-money laundering procedures.

CZ's actions include not meeting the required anti-money laundering standards in Binance's operations. He has reached a settlement with US authorities and agreed to pay $4.3 billion to resolve civil regulatory enforcement actions.

According to US sentencing guidelines, he faces a recommended sentence of 12 to 18 months. Some people believe that considering CZ's guilty plea and cooperation with authorities, he may receive a more lenient sentence.

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