Order

United

Shiba Inu

New Order

In the latest update in the United States vs former Binance CEO Changpeng Zhao lawsuit, the U.S. Department of Justice (DOJ) attorneys requested the court for a new proposed order. The move comes in response to latest proceedings, including <a href="https://coingape.com/just-in-court-delays-binance-founder-czs-criminal-sentencing-heres-why/" target="_blank" rel="noopener noreferrer nofollow">CZ’s criminal sentencing postponed</a> to April end. CZ faces an 18-month prison term for violating&nbsp;<a href="https://coingape.com/glossary/anti-money-laundering-aml/" target="_blank" rel="noopener noreferrer nofollow">anti-money laundering(AML)</a> rules.
<h2 id="doj-seeks-protective-order-in-lawsuit-against-cz">DOJ Seeks Protective Order in Lawsuit Against CZ</h2>
US attorneys moved for entry of a protective order considering the sensitive information in the CZ lawsuit, according to a motion for protective order dated February 20. DOJ stated that defendant Changpeng Zhao and defense attorneys do not oppose the request for a protective order.
Binance’s former CEO Changpeng Zhao pled guilty to failing to maintain an effective anti-money laundering program, cited US attorneys. Discovery materials provided include sensitive witness interviews, third party financial records, and third party internal business records.
DOJ set forth a proposed order along with this motion, restricting public access to any information. “The proposed protective order is not disseminated or distributed to anyone other than defense counsel, members of the defense team, and the Defendant,” as per the filing.
Moreover, the identities of sensitive witnesses will not be revealed in public filings, remaining sealed similar to the recent sealing of unredacted letters and <a href="https://coingape.com/breaking-court-grants-order-sealing-documents-related-to-changpeng-cz-zhao/" target="_blank" rel="noopener noreferrer nofollow">medical records</a>.
Also Read: <a href="https://coingape.com/shiba-inu-developer-highlights-key-updates-orbiting-sheboshi-nft-launch/" target="_blank" rel="noopener noreferrer nofollow">Shiba Inu Developer Highlights Key Updates Orbiting SHEboshi NFT Launch</a>
<h2 id="is-a-long-criminal-sentence-on-cards">Is a Long Criminal Sentence on Cards?</h2>
Anti-money laundering laws violations could see up to 20 years of incarceration, but experts earlier said CZ could face a prison sentence of 10 years. However, lawyers now believe CZ could face an 18-month prison term for money laundering charges.
CZ is free on a $175 million release bond, but restricted to travel to his home in the UAE due to flight risk until sentencing on February 23. The criminal sentencing date was recently delayed to April 30.
Changpeng Zhao stepped down as CEO with a $50 million fine and Binance agreed to pay $4.3 billion penalty. U.S. prosecutors have urged a federal judge in Seattle to accept a <a href="https://coingape.com/binance-plea-deal-us-prosecutors-push-4-3-bln-deal-acceptance/" target="_blank" rel="noopener noreferrer nofollow">plea deal for Binance</a>.
Also Read: <a href="https://coingape.com/pro-xrp-lawyer-john-deaton-confirms-accepting-crypto-donations-for-senate-campaign/" target="_blank" rel="noopener noreferrer nofollow">Pro-XRP Lawyer John Deaton Confirms Accepting Crypto Donations For Senate Campaign</a>
The post <a href="https://coingape.com/us-doj-request-new-order-case-against-ex-binance-ceo-changpeng-cz-zhao/" rel="noopener noreferrer nofollow">Breaking: US DOJ Requests New Order In Case Against Ex-Binance CEO Changpeng ‘CZ’ Zhao</a> appeared first on <a href="https://coingape.com" rel="noopener noreferrer nofollow">CoinGape</a>.

Breaking: US DOJ Requests New Order In Case Against Ex-Binance CEO Changpeng ‘CZ’ Zhao

목차

Coingape News Media

2024년 2월 21일에 게재된 다른 기사

Why Revenue Share Model Sets Pullix (PLX) Aside From Uniswap (UNI) and Binance (BNB)

Ethena offers 27% on stablecoins but where is the yield coming from?

OP and NEAR up over 20% as Pullix raises $7m ahead of BitMart listing

Stellar Finally Launches Smart Contracts on Mainnet After 16-Month Testnet Development

BREAKING: Montenegro Supreme Court Decides to Extradite Terra Founder Do Kwon to the USA

Billionaires Exit Long Positions: Should You Sell Crypto?

무료 뉴스레터에 가입하여 매일 최신 암호화폐 소식을 받아보세요!