Binance Former CEO’s Criminal Case Hearing Delayed to April
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- Binance’s former CEO Changpeng Zhao’s criminal imprisonment has been postponed.
- The sentencing, originally scheduled for February 23, has been postponed until April 30.
- While the reason behind this crucial development remains unknown, Zhao’s lawyer, William Burck, declined to comment.
In a crucial development in the criminal case involving Changpeng Zhao, the former CEO of Binance, Zhao’s imprisonment has been postponed. A recent report stated that Zhao’s sentencing, originally scheduled for February 23, is postponed until April 30.
The great saga began with the Securities and Exchange Commission filing a lawsuit against Binance. In early June 2023, the regulators alleged Binance of 13 charges, including operating unregistered exchanges and facilitating trade of unregistered securities.
Following a long struggle to dismiss the agency’s allegations, Binance and Zhao pleaded guilty in November. Subsequently, Zhao announced his resignation and agreed to pay $4.3 billion in settlement and $50 million in penalty.
Treasury Secretary Janet Yellen, known for her anti-crypto stance, slammed Binance and its founder, alleging, “Binance was allowing i…
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