Binance Founder Changpeng Zhao to Appear in Court Today for Sentencing

The former crypto executive pleaded guilty to one count of violating the Bank Secrecy Act last November, a charge which might normally carry up to 10 years in prison. Because of his guilty plea and his cooperation, the sentencing guidelines calculation for his sentence would actually fall to about 18 months. A presentence report filed by the court’s Probation Office recommended he spend just five months.