📰 Table Of Contents
Binance Founder CZ’s Letter to the Judge
Binance founder and former CEO Changpeng “CZ” Zhao recently wrote a letter to the judge overseeing his case, expressing regret for his actions and taking full responsibility for his decisions.
Acceptance of Responsibility
Zhao acknowledged his failure to establish necessary compliance controls at Binance and expressed remorse for this oversight.
Support Letters for CZ
Accompanying Zhao’s letter were 161 additional letters of support from family, friends, and associates, urging the judge to consider his character beyond this incident.
Personal Testimonies
Various individuals, including Zhao’s co-founder He Yi, wife Yang Weiqing, and children Rachel and Ryan, shared personal stories depicting CZ as a supportive figure in their lives.
Outpouring of Support
Influential figures such as Max S. Baucus, Jeremy R. Cooperstock, and Ronghui Gu have also backed CZ’s character and contributions to the industry.
Sentencing Verdict
Despite the support, the final decision rests with the judge, who will carefully consider the circumstances before delivering the sentencing verdict.
US Prosecutors’ Recommendation
US prosecutors have recommended a 36-month prison sentence for Zhao, citing the severity of his violation of US law and its consequences.
Ian is a cryptocurrency enthusiast blending humor with professionalism. With an engineering background and a storyteller's heart, he simplifies the blockchain world with sharp analysis and a touch of wit. At Cryptowire, he brings his unique perspective to make digital financial innovation accessible to all.
