CZ's guilty plea for failing to maintain an anti-money laundering program was part of a larger $4.3 billion settlement.
Changpeng "CZ" Zhao exits a federal court in Seattle in November. Photo: Chloe Collyer/Bloomberg via Getty ImagesIn November, less than three weeks after SBF was found guilty in New York of defrauding FTX customers and investors,
The nature of charges against the two men were vastly different, as are their expected sentences: SBF just received 25 years, while the charges against CZ reportedlyprosecutors describe how Binance allowed users to start accounts with nothing more than an email address, so long as they stuck to cryptocurrency-only transactions .In 2021, the company started to tighten requirements around vetting its customers, but that didn't change what had happened before.
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