this post was submitted on 25 Nov 2023
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Nov 24 (Reuters) - Lawyers for former Binance CEO Changpeng Zhao are urging a U.S. judge to reject the Justice Department's request to bar him from returning to his home in the United Arab Emirates until he is sentenced for violating anti-money laundering requirements.

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[–] HuddaBudda@kbin.social 11 points 11 months ago (3 children)

I am actually surprised China is letting this happen. They must be pissed with this dude.

He really did burn all his friends with one ego tweet to Sam Bankman.

[–] stifle867@programming.dev 14 points 11 months ago* (last edited 11 months ago)

China has no say in letting it happen. The company is not based in China. He is a Canadian citizen and resides in the UAE. He was born in China but it's a little late for them to get involved in that.

[–] SaltySalamander@kbin.social 10 points 11 months ago

What, exactly, could China do to prevent the US from sentencing a criminal in their own borders?

[–] OmenAtom@lemmy.world 6 points 11 months ago (1 children)

Can you elaborate on the one tweet thing? Im out of the loop

[–] HuddaBudda@kbin.social 8 points 11 months ago (2 children)

Of course.

Basically, Sam Bankman fried and this CEO of binance got into an public ego match on twitter.

As Sam was the owner of FTX, and Binance was the Chinese version of that.

he tweeted:

It seems $15m not only changed @kevinolearytv’s mind about crypto, it also made him align with a fraudster. Is he seriously defending SBF?

https://youtu.be/pIXq1pfvG0g (baseless attacks start around 4:20).

Which one domino crashed into another. FTX was found to be playing with clients funds and insolvent, and binance was turned inside out in the same process. Sam ended up with a 105 year sentence, and the Binance CEO is here.

[–] Grayox@lemmy.ml 3 points 11 months ago (1 children)

Holy shit Sam gor 105 years?!?!?

[–] BrandoGil@lemmy.world 7 points 11 months ago

He's facing 115 but won't be sentenced until March

[–] OmenAtom@lemmy.world 1 points 11 months ago

Ty for that breakdown