Changpeng Zhao’s Defense Calls for Probation in Money Laundering Case

• CZ Zhao’s legal team requests probation ahead of the April 30 sentencing.
• The defense emphasizes Zhao’s first-time, non-violent offender status.
• Advocates propose home confinement in Abu Dhabi to prevent re-offending.

While prosecutors seek a 36-month prison term, Binance former CEO Changpeng Zhao’s “CZ” defense has submitted a sentencing memorandum highlighting several reasons their client should be granted probation.

CZ’s legal team has asked the court to grant him probation after he pleaded guilty to money laundering charges. This request comes before the sentencing hearing scheduled for April 30. 

The defense argues that Zhao is a first-time, non-violent offender convicted solely of anti-money laundering compliance failure. CZ’s team stressed that the government did not accuse him of additional financial crimes such as “money laundering, fraud, theft, market manipulation, or any comparable form of unlawful conduct.”

Zhao’s attorneys also highlighted his background and commitment to societal well-being as grounds for leniency. The defense stated that CZ built Binance “as a force for positive change in the world.” In addition, they point…

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