Binance founder's ‘cooperation' got him a light sentence. So what did he tell the feds? [Fortune]
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Source: Fortune
in prison for turning a blind eye to money laundering, and not the one or two years all of us were expecting. Much of this leniency came about because Zhao, a.k.a. CZ, took a plea deal and said all the right things. But part of it was due to a mitigating factor—one involving a “sealed” matter the judge and lawyers referred to on numerous occasions at the hearing. The crypto world likes a good conspiracy and, sure enough, the fever swamps of Crypto Twitter began spouting theories about who Zhao sold out or what sort of nefarious deal he must have cut. One well-known account even claimed Zhao got only 4 months because he “ratted” while his one-time rival Sam Bankman-Fried got 25 years because he “didn't rat” (an ironic claim given the FTX founder tried to throw everyone he knew, including his ex-girlfriend and his lawyers, under the bus). So what exactly did Zhao tell the feds? We don't know for sure but my best guess is the deal he cut is based on Binance continuing to keep working
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