
#NoLeniency: Low Penalty for Former Binance CEO Changpeng Zhao Could Undermine Crypto Compliance
As Changpeng Zhao (CZ), the former CEO of Binance, approaches his sentencing on April 30, 2024, the debate intensifies over the appropriate severity of his punishment. CZ, who pleaded guilty to severe anti-money laundering compliance failures, could receive a lenient prison sentence based on US sentencing guidelines. Sure, prosecutors are advocating for a more substantial 36-month incarceration. However, given the gravity of violations, this is still considered a very lenient approach.