If the Seattle judge agrees with prosecutors and orders CZ to be imprisoned, he will become the richest person ever to serve time in a U.S. federal prison, as his ownership of Binance and the approximately $43 billion in personal wealth associated with it remain unaffected. CZ's wealth is likely to increase further as Binance's business grows in a new round of crypto bull market.
In addition, the situation of Binance and CZ is very different from that of FTX and SBF. After conviction, SBF was sentenced to 25 years in prison, and his net worth is currently estimated at $0; and the crimes that the Department of Justice accused Binance of did not include deceiving customers about the use of funds. (Bloomberg)
According to yesterday's news, court documents showed that although the Department of Justice requested a 36-month prison sentence and a $50 million fine for CZ. However, the probation office recommended a five-month suspended sentence in its statement report. At the same time, the defense requested house arrest and probation without jail time.