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Binance and CZ's Fortunes Are Set to Grow, Jail or no Jail
It’s “better to ask for forgiveness than permission” when it comes to complying with the law, the billionaire founder of the Binance cryptocurrency exchange once told his team, according to the US government. Now it’s time for Changpeng “CZ” Zhao to ask for forgiveness, yet prosecutors aren’t exactly in the mood to grant it. In a court filing before his sentencing hearing on Tuesday, they cited the flippant attitude on display in this and other remarks as one of the reasons they’re recommending the court give him three years in prison — longer than what guidelines prescribe — following his guilty ... (full story)