Binance Founder CZ Apologizes And Gathers Support Ahead Of Sentencing

Binance founder Changpeng “CZ” Zhao's defense team has asked the court to grant probation as he is a first-time, non-violent offender who committed an offense with no intention to harm anyone. Several factors including the crypto community support appropriately led probation to recommend a modest downward variance, CZ's attorney claims.

In a startling turn of events that's sending ripples through the cryptocurrency universe, the former CEO of Binance, Changpeng Zhao, finds himself at the center of a legal storm. US prosecutors are pushing for a 36-month stint behind bars for alleged violations of anti-money laundering laws.

Binance‘s co-founder and former CEO, Changpeng ‘CZ' Zhao, submitted a letter of apology to the court on April 24. Zhao, who pleaded guilty to criminal charges earlier this year, expressed regret in advance of his upcoming sentencing date.

Binance Founder CZ (Changpeng Zhao) has garnered support from his family members amid the upcoming prison sentence. According to Wu Blockchain, several significant family members of CZ, including his wife, two children enrolled in US institutions, and his sister, a former managing director at Morgan Stanley, were made public for the first time among the

Some 161 letters of support from family, friends and crypto industry professionals were also filed on behalf of Zhao.