Prosecutors’ Sentencing Request for Binance Founder

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Prosecutors’ Sentencing Request

Federal prosecutors have recommended a three-year prison sentence for Changpeng Zhao, founder of Binance, for pleading guilty to a money laundering violation. They argued that he broke the law “on an unprecedented scale.”

Defense’s Counterargument

Defense lawyers are advocating for no prison time for Mr. Zhao, proposing a sentence of probation. They emphasized his acceptance of responsibility for the crime and his commitment to philanthropy.

Sentencing Hearing Details

The sentencing hearing for Changpeng Zhao is scheduled to be held on Tuesday before Federal Judge Richard A. Jones in Seattle. The judge will review the recommendations from both the prosecution and defense before determining the final sentencing.

Mr. Zhao’s admission of failure to establish adequate anti-money laundering measures at Binance led to his current legal predicament. The prosecutors are seeking a longer sentence due to the widespread impact of his actions, despite the initial recommendation of five months from the U.S. probation department.

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