molly0xfff,
@molly0xfff@hachyderm.io avatar

Former CEO Changpeng Zhao has been sentenced to four months in prison.

molly0xfff,
@molly0xfff@hachyderm.io avatar

Prosecutors wanted 36 months
Defense wanted 0, just probation
Probation Office recommended 5 months
Judge settled on 4

Victorsigmoid,
@Victorsigmoid@hachyderm.io avatar

@molly0xfff so these crimes considered much less serious than the college admissions scandal.

csdummi,
@csdummi@babka.social avatar

@molly0xfff I know this is completely hypothetical and the damage caused by Binance is (still) far less than FTX, but: would this have been a deal that SBF could have struck or something in it's ball park, if he'd cooperated from the start?

molly0xfff,
@molly0xfff@hachyderm.io avatar

@csdummi i suspect SBF still would've served more time than this had he pled guilty, simply because of all the fraud charges and the amount of money lost by victims of the FTX collapse

mysignal,
@mysignal@mastodon.social avatar

@molly0xfff Does the US have jurisdiction over someone who is not an American citizen? The question is how to sentence him to the jail.

molly0xfff,
@molly0xfff@hachyderm.io avatar

@mysignal they do when the business operated in the US in violation of US laws, though the question is sometimes whether they can actually arrest the person. not an issue with zhao, who turned himself in

Badscrew,

@molly0xfff four - this is it?

Incredible how little that is

ubiratansoares,
@ubiratansoares@hachyderm.io avatar

@molly0xfff Do you have information about other former C-levels whom could be the next on the line? 👀

mlevison,
@mlevison@agilealliance.social avatar

@molly0xfff Not enough by a wide margin.

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