The Seattle judge postponed the last day of the lawsuit for “prevention of money laundering,” which is one of the allegations in the case filed this year by the US Department of Justice against Binance and its founder CEO CZ. Although it was reported that the sentencing was delayed until April 30, the Seattle judge didn’t give a reason for the delay.

There is no statement

The news was reported by CNBC from the US, using court records; however, neither the Ministry of Justice nor Zhao’s lawyer, William Burck, shared any information about the situation. The money laundering allegations against Zhao were expected to be decided on February 23.

U.S. prosecutors want longer sentence for CZ

According to federal quitelines, Zhao faces a prison term of up to 18 months; however, U.S. prosecutors said that may be given a maximum of 10 years. 

CZ pleaded guilty to anti-money laundering and U.S. sanctions violations on November 21. CZ quit as an CEO of Binance and also had to pay a $50 million penalty after the sentencing. Furthermore, Binance also paid $4.3 billion in one of the largest corporate agreements in U.S. history.

As is well known, the judge refused to allow Zhao leave the United States and return to Dubai, where he had a residence permit.