The judicial proceedings concerning Changpeng Zhao (CZ), the co-founder of the digital asset exchange, Binance, have encountered a delay, with the sentencing now slated for late April, as reported by CNBC.

The former Binance chief executive pleaded guilty to money laundering violations in November 2023, and also stepped down as the CEO of the firm he founded in July 2017. 

When CZ pleaded guilty, Treasury Secretary Janet Yellen stated on the matter:   

“Binance was allowing illicit actors to transact freely, supporting activities from child sexual abuse, to illegal narcotics, to terrorism, across more than 100,000 transactions. That includes transactions associated with terrorist…

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