Binance Founder's Sentencing Delayed: Will CZ Escape to the Moon?

What's the Hold Up?

Hey guys it's your favorite YouTuber turned news reporter Mr. Beast here. Just when you thought the drama couldn't get any juicier we have a delay in the sentencing of Binance founder Changpeng Zhao a.k.a. CZ. Seriously it's like watching one of my 24 hour challenges unfold in real life.

CZ the Mastermind

So apparently CZ pleaded guilty to a charge of failure to maintain an effective anti money laundering program at Binance. Well guess what CZ? You can't just drop the ball on your responsibilities like that! I mean come on even I know that running a successful business involves following the rules. But hey at least he agreed to step down as Binance's CEO and pay a $50 million fine. I guess that's his version of donating thousands of dollars to random people on the street.

In the Penalty Box

Now according to federal sentencing guidelines CZ could face a maximum of 18 months in prison. But hold your horses folks. Rumor has it that the prosecutors might ask for an even harsher sentence. I can't help but wonder if CZ is regretting not spending all that time learning how to survive in the wild or building a giant Lego tower. It's all about preparation my friends.

Binance's Bad Boys

Let's not forget about Binance itself. As part of their guilty plea they agreed to pay a whopping $4.3 billion in fines and restitution. Talk about breaking the bank! Treasury Secretary Janet Yellen didn't hold back accusing Binance of supporting everything from child abuse to terrorism. Yikes! Looks like they won't be getting a shoutout in my next video anytime soon.

Flight Risk or Just a Travel Bug?

Now here's where things get interesting. CZ tried to convince the judge to let him travel to the United Arab Emirates before his sentencing. But U.S. District Judge Richard Jones wasn't having it. He called out CZ's "enormous wealth" and lack of ties to the U.S. basically saying 'Sorry buddy but you're not going anywhere!' Looks like CZ's plans for a vacation in the desert just went up in smoke.

The Great Escape?

But wait there's more! In a last ditch effort CZ applied again to travel home for the "hospitalization and surgery" of a person close to him. He even offered to post his equity in Binance as security. Nice try CZ but it seems like the judge saw right through that one. Looks like the moon is the only escape plan left!