{"id":26181,"date":"2024-02-13T09:52:38","date_gmt":"2024-02-13T09:52:38","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/changpeng-zhaos-sentencing-date-rescheduled-for-late-april\/"},"modified":"2024-02-13T09:52:38","modified_gmt":"2024-02-13T09:52:38","slug":"changpeng-zhaos-sentencing-date-rescheduled-for-late-april","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/changpeng-zhaos-sentencing-date-rescheduled-for-late-april\/","title":{"rendered":"Changpeng Zhao&#8217;s Sentencing Date Rescheduled for Late April"},"content":{"rendered":"<p><b>(Originally posted on : Crypto News &#8211; iGaming.org )<\/b><br \/>\n<\/p>\n<div>\n<p>The anticipated sentencing of Changpeng \u2018CZ\u2019 Zhao, the founder and former CEO of Binance, the world\u2019s largest cryptocurrency exchange, has been postponed to April 30th. Originally set for February 23rd, the delay in proceedings has not been officially disclosed. William Burke, Zhao\u2019s legal representative, declined to provide further details on the matter.<\/p>\n<p>Facing a potential 18-month prison sentence, Zhao\u2019s legal woes have attracted widespread attention, with federal prosecutors reportedly pushing for a more substantial punishment. Despite repeated requests to return to the United Arab Emirates (UAE), Zhao remains in the United States on a $175 million bail.<\/p>\n<p>Zhao\u2019s troubles escalated in November 2023 when he stepped down from his roles as CEO and Chairman of the Board of Directors of Binance\u2019s U.S. division. These decisions were prompted by mounting regulatory pressure in the U.S., particularly concerning allegations of money laundering.<\/p>\n<p>In December, Zhao\u2019s <a href=\"https:\/\/igaming.org\/crypto\/binance-founder-chanpeng-zhaos-175-million-release-bond-raises-questions-about-his-future\/\">plea<\/a> to return to the UAE was rejected by the court, following his guilty plea the previous month. The U.S. Justice Department remains wary, citing concerns about Zhao\u2019s substantial assets, strong ties to the UAE, and the absence of an extradition treaty between the UAE and the U.S.<\/p>\n<p>Concurrently, Binance found itself in legal hot water, agreeing to a massive <a href=\"https:\/\/igaming.org\/crypto\/binance-settles-with-u-s-for-4-3-billion-zhao-steps-down-as-ceo\/\">$4.3 billion fine<\/a> and restitution payment. The guilty plea pertained to charges of conspiring to operate an unlicensed money-transmitting business, as well as violations of the International Emergency Economic Powers Act.<\/p>\n<div class=\"main-org-3-item-ins box-100 relative mb-4\">\n<div class=\"space-org-3-items box-100 relative\">\n<div class=\"box-100 space-org-3-item relative border-tb mt-1 \">\n<div class=\"space-org-3-item-ins box-100 relative\">\n<div class=\"space-org-3-item-terms box-25 relative\">\n<div class=\"space-org-3-item-terms-ins box-100 text-center relative\"> <strong><strong>Get 125% \/ $2,500 on 1st deposit!<\/strong><\/strong> <\/p>\n<p>New players only. Exclusive Welcome Bonus of up to $2,500<\/p>\n<\/p><\/div>\n<\/p><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div><\/div>\n<p><a href=\"https:\/\/igaming.org\/crypto\/changpeng-zhaos-sentencing-date-rescheduled-for-late-april\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : Crypto News &#8211; iGaming.org ) The anticipated sentencing of Changpeng \u2018CZ\u2019 Zhao, the founder and former CEO of Binance, the world\u2019s largest cryptocurrency exchange, has been postponed to April 30th. Originally set for February 23rd, the delay in proceedings has not been officially disclosed. William Burke, Zhao\u2019s legal representative, declined to [&hellip;]<\/p>\n","protected":false},"author":34,"featured_media":26182,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[34],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/26181"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/34"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=26181"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/26181\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/26182"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=26181"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=26181"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=26181"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}