Judge accepts Binance CEO CZ’s guilty plea, with sentencing in Feb

A federal judge accepted Binance founder Changpang “CZ” Zhao’s guilty plea to money laundering, but hasn’t decided if he can leave the United States before his February sentencing date.

In a Dec. 6 filing to a Seattle District Court, Judge Richard Jones said he accepted Zhao’s guilty plea to one count of Bank Secrecy Act violations, which he submitted over two weeks ago on Nov. 21 alongside his exchange’s $4.3 billion settlement with the U.S.

As part of the settlement deal, Zhao agreed to step down as CEO of Binance and paid $150 million to regulators.

Zhao is set to be sentenced on Feb. 23 next year and faces up to 18 months in prison. He’s currently released on a $175 million…

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