Binance's CZ Faces Prison Time and Steep Fines in Money Laundering Case, Steps Down as CEO
• U.S. prosecutors postponed CZ's sentencing to April 30 • CZ was charged with money laundering and sanctions violations in November • Binance ordered to pay $4.3B in penalties and exit the U.S. • CZ stepped down as Binance CEO, succeeded by Richard Teng • CZ faces up to 18 months in prison, has paid $50M in fines