April

Coin

<ul class="news-points"> 
 <li>Binance’s former CEO Changpeng Zhao’s criminal imprisonment has been postponed.</li> 
 <li>The sentencing, originally scheduled for February 23, has been postponed until April 30.</li> 
 <li>While the reason behind this crucial development remains unknown, Zhao’s lawyer, William Burck, declined to comment.</li> 
</ul> 
In a crucial development in the criminal case involving Changpeng Zhao, the former CEO of Binance, Zhao’s imprisonment has been postponed. A recent <a href="https://www.cnbc.com/2024/02/12/criminal-sentencing-of-binance-founder-cz-postponed-to-late-april-.html" target="_blank" rel="nofollow">report</a> 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 <a href="https://www.sec.gov/news/press-release/2023-101" target="_blank" rel="nofollow">alleged</a> 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 <a href="https://coinedition.com/zhao-pleads-guilty-steps-down-as-binance-ceo-in-4-3bn-settlement/">pleaded</a> 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…
The post <a href="https://coinedition.com/binance-former-ceos-criminal-case-hearing-delayed-to-april/">Binance Former CEO’s Criminal Case Hearing Delayed to April</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.

Binance Former CEO’s Criminal Case Hearing Delayed to April

Coin Edition

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