Binance Founder CZ Sentenced to 4 Months for Banking Law Violations
- Centralized Exchange
- Regulation
- CT Lore
Changpeng Zhao, aka CZ, was sentenced to four months in prison for violating U.S. banking laws through Binance's operations. The sentence was a slap on the wrist compared to SBF's 25 years, sparking CT debates on regulatory double standards. X lit up with memes of CZ coding in jail, while others questioned if Binance can survive without him at the helm.