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Bloomberg: CZ's sentence is expected to be no more than 18 months.

According to a BlockBeats report on November 22nd, Bloomberg News revealed that CZ has admitted to committing money laundering and violating US sanctions, and has reached a comprehensive settlement agreement with the US, allowing the cryptocurrency trading platform to continue operating. In addition, CZ faces a maximum of 10 years imprisonment, but under the plea agreement, the expected sentence is not more than 18 months. The US Department of Justice has not made a final decision on his imprisonment, and his defense lawyer stated in court that the sentencing will be postponed for 6 months.

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Correction/Report

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Timeline | Binance founder CZ was eventually sentenced to 4 months in prison

CZ's criminal trial has been finalized. Apparently, the 161 letters of support played a big role in the verdict. He was eventually sentenced to 4 months in prison.

Full text of CZ's open letter: This is the best choice.

Must take responsibility for past mistakes, Binance will continue to grow and optimize.

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