Some after-the-fact self-criticism: I should have resolved this claim as YES after news articles said CZ was taken into custody. Sentencing does not necessarily mean that he has already been incarcerated. However, the chance that he will run before reporting to prison seems very small.

He was sentenced to 4 months in prison today. https://www.cnbc.com/2024/04/30/binance-founder-changpeng-zhao-cz-sentenced-to-four-months-in-prison-.html

https://www.cnbc.com/2023/11/27/binance-founder-changpeng-zhao-has-to-stay-in-us-after-guilty-plea.html

I'm buying again. THey said he can't leave the US.

Prosecutors argued Zhao should remain in the U.S. until the sentencing hearing, which is set for February, while Zhao’s attorneys argued he could return to the United Arab Emirates, where he currently resides. Tsuchida ultimately agreed that he could return to UAE, with the condition that he return to the U.S. at least 14 days before his sentencing hearing. The UAE does not have an extradition treaty with the U.S.

https://www.seattletimes.com/business/binance-founder-changpeng-zhao-agrees-to-step-down-plead-guilty/

@Eliza It is still not clear to me if he was at any point during this, "arrested" yet.

Looks like he made the same deal as Arthur Hayes who got two years probation.

Buying to 90.

limit at 90, 85

Oh, I'd love to resolve this as YES...

https://www.ft.com/content/d10af983-1376-457f-9709-815e04ba59fb

But he's paying a fine and pleading guilty, which doesn't necessarily mean incarceration. I don't think he's been cuffed or thrown in a jail cell. Too bad.

It's a shame that he has received something that is, for him, like a speeding ticket. He deserves much worse.

There's still YEARS to go for one little arrest!

So if he is in the USA and pleading guilty, is he arrested at any point along the way?

Will they make SBF and CZ bunk in the same cell? My guess is CZ gets the top bunk.

FYI: https://www.bloomberg.com/news/articles/2023-11-20/us-seeks-more-than-4-billion-from-binance-to-end-criminal-case?srnd=premium&embedded-checkout=true

FYI: https://www.bloomberg.com/news/articles/2023-10-10/binance-ceo-cz-three-local-leaders-face-brazil-indictment-recommendation?leadSource=uverify%20wall

@patio11 ❤ ❤ ❤

Do you have a link to the same story that isn't paywalled?

Relevant: SEC's complaint against Binance:

https://www.sec.gov/files/litigation/complaints/2023/comp-pr2023-101.pdf

If US authorities invaded a nuclear power (Pakistan) without permission to get Osama Bin Laden, then there's no place that's safe for CZ.

Good luck man.

Does this include incarceration while awaiting trial, as we all as imprisonment after conviction?

@DavidMathers Yes. Arrested or imprisoned. For example, if he’s driving in Singapore, pulled over, and then arrested on suspicion of DUI, then that counts, even if he doesn’t spend a minute in jail or prison.

Of course, I think the chance he gets convicted of crypto crimes and shares a cell in the Florence CO Supermax federal prison with Ted Kaczynski or SBF is very, very high.

(They don’t know the cftc has no criminal authority whatsoever)

Sort of mind-blowing that this was sub-25% for six months and then it rocketed to 72% after the CFTC got interested.

The business model of crypto is breaking the law and recording the crimes on immutable ledgers. The people who commit these crimes do not have standing armies, nuclear weapons, or control of strategically important land or waterways. Yet they think they can mess with the currencies and capital controls set up by countries that have nuclear weapons and spy agencies.

In the long run, any cryptocurrency tycoon of note will be in prison -- if they're lucky.

Getting involved in crypto is insanely dumb.

Changpeng Zhao, the Binance man,
Locked up in jail? That's not the plan.
He'll keep on trading, making dough,
No orange jumpsuit, just green to show.

#FreeCz

Binance founder Changpeng Zhao incarcerated before 2026, 8k, beautiful, illustration, trending on art station, picture of the day, epic composition