Ex-Binance CEO Zhao’s Sentencing on US Charges Delayed to April
- Federal judge rescheduled original Feb. 23 sentencing date
- Binance, Zhao pleaded guilty in November in deal with DOJ
Binance Holdings Ltd. founder Changpeng Zhao’s sentencing for failing to implement anti-money laundering policies was delayed to April from Feb. 23.
US District Judge Richard Jones in Seattle on Monday rescheduled Zhao’s sentencing without providing a reason. Zhao, the billionaire former head of the world’s largest cryptocurrency exchange, and Binance pleaded guilty in November as part of a broad agreement with prosecutors that allows the exchange to continue operating.