Former Binance CEO Changpeng Zhao's Sentencing Delayed to April

The postponement comes amid ongoing legal proceedings, with Zhao facing up to 18 months in prison for money laundering charges.

Former Binance CEO Changpeng Zhao's sentencing on money laundering charges has been delayed until April, pushing back the original February 23 sentencing date.
Zhao, who stepped down from his position at Binance, is expected to face around 18 months in prison according to sentencing guidelines.
The delay in sentencing follows a plea deal with the Department of Justice, including a $50 million fine paid by Zhao.
Zhao remains out on a $175 million bail bond and is restricted from leaving the US, with his equity in Binance.US pledged as part of his bail conditions.
Binance has paid $4.3 billion in fines and reached settlement agreements with the DOJ, Treasury, and the Commodity Futures Trading Commission for various violations.