• Press Releases
    • Submit a press release
    • Read All
  • Contact us
Advertise
Bitcoinist.com
Buy Neo Pepe
No Result
View All Result
🚀 BUY NEO PEPE PROTOCOL 🚀
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
        • Ethereum Casinos
        • Solana Casinos
        • LiteCoin Casinos
        • DogeCoin Casinos
        • Live Crypto Casinos
        • New Casinos
        • Instant Withdrawal Casinos
        • Cash App Casinos
        • No KYC Casinos
        • VPN Casinos
        • Offshore Casinos
          • Crypto Casinos IT
          • Crypto Casinos ES
            • All Guides
          • Crypto Casinos JP
          • Crypto Casinos SG
          • Crypto Casinos MY
          • Crypto Casinos KR
          • No GAMSTOP Casinos in UK
          • No Cruks Casinos NL
      • Crypto Betting
        • No ID sportsbooks
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
        • Aviator Sites
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Breaking News: Commerce Department To Release Blockchain Statistics, Says Lutnick
🚀 BUY NEO PEPE PROTOCOL 🚀
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
        • Ethereum Casinos
        • Solana Casinos
        • LiteCoin Casinos
        • DogeCoin Casinos
        • Live Crypto Casinos
        • New Casinos
        • Instant Withdrawal Casinos
        • Cash App Casinos
        • No KYC Casinos
        • VPN Casinos
        • Offshore Casinos
          • Crypto Casinos IT
          • Crypto Casinos ES
            • All Guides
          • Crypto Casinos JP
          • Crypto Casinos SG
          • Crypto Casinos MY
          • Crypto Casinos KR
          • No GAMSTOP Casinos in UK
          • No Cruks Casinos NL
      • Crypto Betting
        • No ID sportsbooks
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
        • Aviator Sites
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Bitcoinist.com
No Result
View All Result
Breaking News: Commerce Department To Release Blockchain Statistics, Says Lutnick
Binance

Grateful Despite Adversity: Binance Founder Acknowledges Support After Sentencing

Godspower Owie
by Godspower Owie
1 year ago
·
Posted in Crypto News
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

Amidst the challenging circumstances of a prison sentence, Binance founder and former Chief Executive Officer (CEO) Changpeng CZ Zhao has taken to the X (formerly Twitter) platform to express his gratitude to those who supported him during these trying times.

Binance Founder Promises Resilience

On Tuesday, Binance founder Changpeng CZ Zhao was sentenced to 4 months in prison for not putting in place sufficient safeguards against money laundering. As a result, Zhao was charged with several counts of crimes such as money laundering and non-compliance with the Bank Secrecy Act, and the Financial Crimes Enforcement Network. 

Related Reading: Slap On The Wrist? DOJ Faces Backlash For Letting Binance Founder Off Easy For AML Failures

During these tough times, the Binance founder received noteworthy support from those who love him. Zhao acknowledged the several types of support he received, including messages and letters, as a way to show his appreciation. An overall of 161 letters of support were sent to Zhao from friends, family, leaders in the business, Binance volunteers, and some community members, among others.

“I would like to thank everyone for your care and support, be it writing letters, showing support on X, or in any other form,” he stated. According to the Binance founder, everyone who supported him was the reason he never gave up and they all meant so much to him. “I will do my time, conclude this phase, and focus on the next chapter of my life (education),” he added.

Furthermore, Zhao has underlined his promise to remain resilient by emphasizing his pledge to continue owning and making passive cryptocurrency investments. He then highlighted the significance of adhering to laws and guidelines in the cryptocurrency sector, noting that a new phase has emerged in the industry, and it is crucial to comply with these laws.

One bright spot Zhao considers throughout the case’s entire process is that Binance has been closely watched. Thus, he continues to advocate the crypto platform, affirming that users’ funds are safe and secured. 

The Sentence Was Less Than Initial Request

It is worth noting that Zhao’s 4-month prison sentence was far from the 36 months the Department of Justice (DOJ) had requested, and it is only marginally worse than CZ’s counsel’s probation-only suggestion. The Justice Department had requested a 36-month term for Zhao, claiming that his legal violations were unprecedented in scope.

Related Reading: Binance Founder CZ’s Trial Begins Today: Lawyers Discuss Potential Prison Time

While prosecutors contended that the sentence ought to correspond with the seriousness of the offenses committed, Zhao’s defense attorneys countered that their client ought to merely get probation.

US Judge Richard Jones argued that the DOJ’s request exceeded the guidelines for punishment during the sentencing hearing. Rather, citing no evidence that the defendant was ever informed that Binance was assisting illicit operations, Jones sentenced CZ to four months in prison.

In November 2023, the Binance founder entered a guilty plea for the multiple allegations against him and resigned as CEO of the company. Meanwhile, he was fined $50 million, and Binance was forced to pay an astounding $4.3 billion in fines.

Binance
BNB trading at $549 on the 1D chart | Source: BNBUSDT on Tradingview.com
Featured image from Top Class Actions, chart from Tradingview.com
Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.
ShareTweetShareShare

Sign Up for Our Newsletter!

For updates and exclusive offers enter your email.

I consent to my submitted data being collected and stored.
Godspower Owie

Godspower Owie

Follow

Godspower Owie is my name, and I work for the news platforms NewsBTC and Bitcoinist. I sometimes like to think of myself as an explorer since I enjoy exploring new places, learning new things, especially valuable ones, and meeting new people who have an impact on my life, no matter how small. I value my family, friends, career, and time. Really, those are most likely the most significant aspects of every person's existence. Not illusions, but dreams are what I pursue.

Full Profile

Related Posts

Tron

Tron Drops To Critical Level In Buy/Sell Pressure Delta – Here’s What It Means

47 minutes ago
New Report Finds Digital Wallet Boom as Investors Watch Best Wallet Token

Growing Digital Wallet Adoption Amongst Younger Generation Bodes Well For Best Wallet Token

3 hours ago
Bitcoin Hyper Presale Explodes Past $13M as One of 2025's Best Presales

Bitcoin Hyper Presale Explodes Past $13M as One of 2025’s Best Presales

3 hours ago
Best Altcoins to Buy After Sudden Whale Shift from Bitcoin to Ethereum

Best Altcoins to Buy After Sudden Whale Shift from Bitcoin to Ethereum

4 hours ago
Best Crypto to Buy Now According to Grok – How AI Tools Deliver Better Returns

Best Crypto to Buy Now According to Grok – How AI Tools Deliver Better Returns

4 hours ago
Next Crypto to Explode Live News Today: Timely Insights for Chart Sniffers (September 1)

Next Crypto to Explode Live News Today: Timely Insights for Chart Sniffers (September 1)

1 hour ago

Premium Sponsors

Press Releases

  • Rich Miner Launches New Cloud Mining Strategy: Secure 1,000...

    46 minutes ago
  • XRP's

    Amidst XRP’s volatile price, holders are flocking to...

    1 hour ago
  • BAY Miner Launches Mobile App, Unlocking Daily Income...

    2 hours ago
  • BTC & XRP ETFs Fuel Market Buzz as Cloud Mining Surges...

    2 hours ago
  • miner

    Digital asset mining accelerates: FY Energy Cloud Mining...

    4 hours ago

Bitcoin news portal providing breaking news, guides, price analysis about decentralized digital money & blockchain technology.

Buy Neo Pepe

Bitcoin

  • News
  • Price
  • Businesses
  • Acceptance
  • Technology
  • Investment
  • Regulation
  • Reviews

Altcoins

  • News
  • Price
  • Ethereum
  • Ripple
  • Litecoin
  • EOS

Categories

  • Blockchain
  • Security
  • FinTech
  • Technology
  • Trending
  • Breaking News
  • Press Releases
  • How to

About Us

  • Advertise
  • Contact us
  • Editorial Policy
  • Privacy Policy
© 2025 Bitcoinist.com. All Rights Reserved.
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
      • Crypto Betting
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Advertise

© 2025 Bitcoinist. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.