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Author: nikhilesh de, coindesk; compile: white water, bitchain view world
The U.S. Department of Justice said on Tuesday evening that Zhao Changpeng, the founder and former CEO of Binance, was sentenced to three -year imprisonment for helping the cryptocurrency exchange violate the federal sanctions and money laundering laws.
In November last year, he acknowledged violations of the “Bank Secret Law”. After that, the lawyer of the Ministry of Justice submitted a penalty record of sentencing, thinking that he should be imprisoned for 36 months and paid a fine of 50 million US dollars.
“The judgment of this case not only sent a message to Zhao Changpeng, but also sent a message to the world. Zhao Changpeng obtained a huge return for violating US law.Acts and other people trying to establish wealth and commercial empires by trying to violate US law, “the document said.
According to the clause of the confession agreement, Zhao Changpeng first faced a maximum 18 -month imprisonment.The US Department of Justice argued in the document on Tuesday that “there are many improper behaviors involved in Zhao Changpeng, and there should be many consequences.”
“Part of the reason is that Zhao Changpeng failed to implement an effective anti -money laundering plan in Binance, and illegal actors used the Binance Exchange in various ways, including the hybrid service of hidden cryptocurrency sources and ownership;Illegal income; and the revenue of the transfer of dark web market transactions, exchange hackers, and various Internet -related scams, “the document said, and pointed out the flow of funds from the dark web market and cryptocurrency mixtures.
Most of the content of the document echoed the arguments put forward in the first year of the Ministry of Justice that the Ministry of Justice first announced the allegations of Binance and Zhao Changpeng, pointing out the operation of the exchange in the United States.
The document also introduced the calculation of the sentencing guidelines of the Ministry of Justice in detail, and pointed out that the guide suggested that from 12 to 18 months, but it said that Zhao Changpeng knew that Binance violated the law and encouraged this.
The document also responded to the question of how the Torture Guide violated the “Bank Confidential Law”, saying that it was “not aimed at fully punishing improper behaviors such as such a scale or damage to US national security.”
A $ 50 million fine has been consent from the prosecutor and Zhao Changpeng’s defense team.Zhao Changpeng also gave up his right to appeal for any 18 -month punishment.
He was originally scheduled to be sentenced at the end of February, but with the consent of both parties, the hearing will be postponed to April 30.Since he first appeared in the federal court, he has been unable to return to Dubai.
The world’s largest cryptocurrency exchange, Binance, and Zhao Changpeng confession at the same time, agreed to accept a huge fine of $ 4.3 billion, and report to the supervisor designated by the court.
