Binance CEO CZ pleads guilty, sentencing set for February

A federal judge has accepted Binance CEO Changpeng Zhao's guilty plea to one count of Bank Secrecy Act violations. However, the judge has not yet decided whether Zhao can leave the United States before his sentencing in February. Zhao faces up to 18 months in prison and is currently released on a $175 million bond. Federal prosecutors have objected to allowing him to leave the U.S., citing concerns about his potential flight risk. Zhao argues that he poses no risk of flight and has taken responsibility for his actions.