CZ will be sentenced in the U.S. District Court for the Western District of Washington on April 30

Former Binance CEO CZ will be sentenced on April 30 local time in the United States District Court for the Western District of Washington, where Judge Richard Jones will hear statements from prosecutors and CZ's lawyers. In November 2023, he pleaded guilty to violating the Bank Secrecy Act for failing to maintain an effective anti-money laundering program. CZ's actions included failing to meet the required anti-money laundering standards in Binance's operations, and he has reached a settlement with US authorities, agreeing to pay $4.3 billion to resolve civil regulatory enforcement actions. According to the US sentencing guidelines, he faces a recommended sentence of 12 to 18 months. Some believe that CZ may be given leniency given his guilty plea and cooperation with authorities. (Cointelegraph)