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International Business Times

Business

Nica Osorio

Binance's Changpeng Zhao Could Be Detained In The US, Spend A Decade In Jail

Changpeng Zhao Changpeng Zhao CZ Binance DOJ United States John Reed Stark SEC Crypto Prison

KEY POINTS

Legal experts initially believed Zhao would likely get a 12-18 month sentence at a minimum security prison
But, this might totally change based on the Saturday night court filing by DOJ lawyers
The prosecution expresssed its intention to argue that Zhao should be sentenced to up to ten years in prison

Former Binance CEO Changpeng Zhao, or CZ, as he is more popularly known in the crypto space, could be detained in the U.S. and spend up to ten years behind bars based on a recent court filing.

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