- U.S. Judge Richard Jones has granted approval to Changpeng Zhao’s plea deal.
- Zhao’s plea deal includes a substantial $4.3 billion settlement, with a $50 million penalty to be paid by the defendant.
- New Binance CEO refused to disclose information about Binance in his first public interview.
A U.S. judge has granted approval to the negotiated plea deals between U.S. prosecutors, Binance Holdings, and its former chief, Changpeng Zhao.
According to court documents, on Wednesday, December 6, U.S. District Judge Richard Jones approved Zhao’s plea deal.
“This Court, having considered the Report and Recommendation of the United States Magistrate Judge, to which there has been no timely objection … hereby accepts the plea of guilty of the defendant … the defendant is adjudged guilty of such offense,” said Judge Jones.
Judge Jones also instructed the defendant to appear in court for sentencing, scheduled for February 2024. Notably, the court filing did not specify whether Zhao would be allowed to leave the U.S. and return to the United Arab Emirates (UAE).
Initially granted permissi…
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