Binance founder CZ’s sentencing date postponed to late April

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Binance’s former CEO Changpeng Zhao was originally due to be sentenced on Feb. 23. He faces 18 months of prison over money laundering charges.

The criminal sentencing for Binance founder Changpeng “CZ” Zhao has been pushed back to April 30.

The “notice of rescheduled hearing” was filed in a Seattle Federal Court on Feb. 12. Zhao was originally due to be sentenced on Feb. 23 after pleading guilty to money laundering charges. He is expected to face as much as 18 months in prison.

He is expected to face as much as 18 months in prison, though a Nov. 24 filing from the prosecution, indicated that he may face a harsher punishment than initially anticipated.

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