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Ex-Binance CEO Zhao’s Sentencing on US Charges Delayed to April

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  • Federal judge rescheduled original Feb. 23 sentencing date
  • Binance, Zhao pleaded guilty in November in deal with DOJ

Changpeng Zhao in Nov. 

Photographer: Chloe Collyer/Bloomberg

February 13, 2024 at 10:47 AM EST

Binance Holdings Ltd. founder Changpeng Zhao’s sentencing for failing to implement anti-money laundering policies was delayed to April from Feb. 23.

US District Judge Richard Jones in Seattle on Monday rescheduled Zhao’s sentencing without providing a reason. Zhao, the billionaire former head of the world’s largest cryptocurrency exchange, and Binance pleaded guilty in November as part of a broad agreement with prosecutors that allows the exchange to continue operating.

Source: bloomberg.com

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