Binance Founder Changpeng Zhao to Appear in Court Today for Sentencing

Changpeng "CZ" Zhao, the founder of Binance, is set to learn his sentencing outcomes in a Seattle courtroom. Prosecutors seek a three-year prison term for Zhao, who pleaded guilty to violating the Bank Secrecy Act, while his defense argues for probation without prison time. The judge noted Zhao's acceptance of responsibility and the recommended sentence is significantly less than the maximum potential of 10 years.