Public perception and prosecutors’ arguments could affect how a federal judge sentences former Binance CEO Changpeng Zhao for a felony charge.
Former FTX CEO Sam Bankman-Fried received a 25-year sentence after his conviction on seven felony counts, and many are speculating on what that could mean for Changpeng Zhao.is scheduled to appear before a federal judge more than 160 days after pleading guilty to one felony count as part of a settlement agreement with United States authorities.
“I would say are not comparable from a charges perspective, but they are extremely comparable from the perspective that the , the SEC and the federal government are making it very clear that they are not going to tolerate nefarious behavior,” Moe Vela, a former Director of Administration for then-Vice President Joe Biden, told Cointelegraph.
In the wake of the Hamas attack, many reports have surfaced alleging connections to crypto being used to fund terrorist organizations. The allegations may not be entirely unrelated to the former Binance CEO’s charge for failure to maintain an AML program and the exchange’s civil case.
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