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News Explorer — Binance Co-founder Says Former CEO CZ Is in a "Positive Situation" Awaiting Sentencing in U.S

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Apr 19, 7:40 am
The Block

Binance Co-founder Says Former CEO CZ Is in a "Positive Situation" Awaiting Sentencing in U.S

Binance co-founder Yi He stated that former CEO Changpeng Zhao is in a "positive situation" in the U.S. as he awaits sentencing on April 30. He mentioned that Zhao's current standing is peaceful and that regulatory pressures were anticipated. Zhao pleaded guilty to anti-money laundering and sanctions violations and agreed to pay a $50 million fine and step down as CEO.

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