I know that he is guilty and it's probably good that he at least spends 3 years in jail but I don't understand why is his coin BNB rising? BNB is very bullish, went from 200 to 600 in very quickly. There is a news announced that he will face jail and BNB doesn't fall. It's also announced that it has recently been suid in Canada for securities law violations and Philippines SEC orders Apple and Google to remove Binance from their stores. BNB rises again, what the hell is Binance doing with it? I think Changpeng Zhao should spend more time in jail because he was always manipulating BNB.
Changpeng Zhao is no longer the CEO of Binance, he is the founder and in theory he cannot control Binance, so BNB will not react negatively to this CZ news. The reason for the growth of BNB price is Binance Launchpool Tokens, which are bought and staking with high APY in the hope of making a good profit. But all they do is pumping BNB, which distribute back to Launchpool investors. 
Topic: Binance founder should be jailed for 36 months, US prosecutors say - page 2. (Read 357 times)
April 25, 2024, 08:41:36 AM
April 25, 2024, 08:19:41 AM
People were comparing Changpeng Zhao to Elon Musk, that was funny.
Now it's clear that it costs 4.3 billion dollars to launder money in the USA, then you stay in jail for 3 years and you are out, walking in the sun in Miami. I know that he is guilty and it's probably good that he at least spends 3 years in jail but I don't understand why is his coin BNB rising? BNB is very bullish, went from 200 to 600 in very quickly. There is a news announced that he will face jail and BNB doesn't fall. It's also announced that it has recently been suid in Canada for securities law violations and Philippines SEC orders Apple and Google to remove Binance from their stores. BNB rises again, what the hell is Binance doing with it? I think Changpeng Zhao should spend more time in jail because he was always manipulating BNB.
Now it's clear that it costs 4.3 billion dollars to launder money in the USA, then you stay in jail for 3 years and you are out, walking in the sun in Miami. I know that he is guilty and it's probably good that he at least spends 3 years in jail but I don't understand why is his coin BNB rising? BNB is very bullish, went from 200 to 600 in very quickly. There is a news announced that he will face jail and BNB doesn't fall. It's also announced that it has recently been suid in Canada for securities law violations and Philippines SEC orders Apple and Google to remove Binance from their stores. BNB rises again, what the hell is Binance doing with it? I think Changpeng Zhao should spend more time in jail because he was always manipulating BNB.
April 25, 2024, 07:45:26 AM
I feel like pleading guilty was his big mistake. There was no strong case against him in the first place. They probably pressured CZ into a guilty plea just to make an example of him.
The mistake is that he traveled to the United States, after trying to manipulate FTX and refusing to buy it at the last minute, causing its bankruptcy and indirectly causing the bankruptcy of many investors. Therefore, traveling to the United States was not a wise move, especially with the allegations of money laundering that began to increase and that he runs an unregistered entity.CZ's ambition is what landed him in prison.
April 25, 2024, 04:48:21 AM
Reports were talking about a maximum sentence of 18 months with no appeal, a year and a half in prison and he would walk free after admitting to violating US money laundering laws and paying fines. Prosecutors may try to increase this further to put more pressure on CZ, but in the end it seems that he will be imprisoned.
I also think he can go to prison but it is possible that the time to spend in prison will not be up to 3 years. We thought Bankman Fried will be given up to 40 to 50 years in prison while some people said it is too short but he was sent to 25 years in jail. This can also be what will happen to CZ. And it is possible that the imprisonment time could have started since last year when he started the court case.I feel like pleading guilty was his big mistake. There was no strong case against him in the first place. They probably pressured CZ into a guilty plea just to make an example of him.
It is possible that he did all what he was accused of and his lawyer advised him to do what he did.
April 25, 2024, 12:11:39 AM
I guess jailed here won't be literal. I don't think CZ will be sent to an actual jail. I think there are mitigating circumstances which might allow him to be placed in a possible house arrest. He admitted wrongdoing, in the first place. He was even restricted to the US and humbly complied. A huge fine was meted on him and Binance separately and he didn't resist and challenge it. I guess his submission and cooperation every step of the way will be noticed and appreciated.
April 24, 2024, 06:17:32 PM
Reports were talking about a maximum sentence of 18 months with no appeal, a year and a half in prison and he would walk free after admitting to violating US money laundering laws and paying fines. Prosecutors may try to increase this further to put more pressure on CZ, but in the end it seems that he will be imprisoned.
I feel like pleading guilty was his big mistake. There was no strong case against him in the first place. They probably pressured CZ into a guilty plea just to make an example of him.
The US government had him by the balls. There are compelling evidence against CZ and Binance and there's no way he'd have escaped it.
Money talks but on his case, it's gonna be hard for him if it's against the US government. But if it's just like the other institutions that had filed a case against him, it will be a different story. 
April 24, 2024, 04:55:49 PM
I feel like pleading guilty was his big mistake. There was no strong case against him in the first place. They probably pressured CZ into a guilty plea just to make an example of him.
The DOJ are pressing for 3 years to make an example of him, but it's still the judge's decision make the final verdict. If he gets 3 years, it's not the end of the world, he'll still be out. IMO, pleading guilty was the best decision. The US government had him by the balls. There are compelling evidence against CZ and Binance and there's no way he'd have escaped it. If he hasn't pleaded guilty, he'd be found guilty and definitely get a lengthy sentence.
April 24, 2024, 02:12:49 PM
this 50m is apart from that $4B. lol how could he see himself giggling another day. that's just one case. it will pile up when they find out more. and if CZ has to get out he needs to trade something to the court.
so why is this case different from that laundering criminal case in which he paid the fine of $4B and this pleading guilty which is going to pay $50m and then jail time as well? if he only knew it would end up this way, calling for that Hoover Max Extract Pressure-Pro, model sixty will be a better option.
April 24, 2024, 01:29:26 PM
Reports were talking about a maximum sentence of 18 months with no appeal, a year and a half in prison and he would walk free after admitting to violating US money laundering laws and paying fines. Prosecutors may try to increase this further to put more pressure on CZ, but in the end it seems that he will be imprisoned.
I feel like pleading guilty was his big mistake. There was no strong case against him in the first place. They probably pressured CZ into a guilty plea just to make an example of him.
April 24, 2024, 08:05:29 AM
Reports were talking about a maximum sentence of 18 months with no appeal, a year and a half in prison and he would walk free after admitting to violating US money laundering laws and paying fines. Prosecutors may try to increase this further to put more pressure on CZ, but in the end it seems that he will be imprisoned.
April 24, 2024, 03:02:38 AM
The Binance founders and former CEO, Changpeng Zhao is expected to be sentenced on April 30. He pleaded guilty for money laundering last year and he paid a fine of $50 million.
The sentence may likely be 3 years.
https://cointelegraph.com/news/binance-cz-jail-36-months-us-prosecutors
The sentence may likely be 3 years.
https://cointelegraph.com/news/binance-cz-jail-36-months-us-prosecutors
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