Changpeng Zhao wrote on X that marketing should not be escalated into personal attacks and suggested resolving the matter through litigation; after posting, he unfollowed Justin Sun.
Changpeng Zhao posted that marketing can be aggressive, but one should not harm others through personal attacks and the disclosure of private details, and suggested resolving disputes through legal means. Justin Sun subsequently said he would say no more.
Justin Sun replied to Changpeng Zhao, saying he agreed on mutual respect and proper resolution, and stated that the rest will be left to the court and he will not say more.
The Wall Street Journal, citing anonymous sources, reported that Changpeng Zhao agreed to provide evidence regarding Justin Sun as part of his plea deal with the U.S. Department of Justice; Zhao has denied the report.
On April 30, 2024, a federal judge in Seattle, United States, sentenced Changpeng Zhao to four months in prison, after he had already pleaded guilty and stepped down as CEO of Binance.
A US court sentenced Changpeng Zhao to four months in prison.
On November 21, 2023, Binance pleaded guilty and agreed to pay the United States about $4.3 billion, while Changpeng Zhao resigned as CEO and pleaded guilty.
On November 21, 2023, Changpeng Zhao pleaded guilty to money laundering charges at a Seattle federal court, agreeing to pay a $50 million fine and resign as CEO of Binance, while Binance agreed to pay $4.3 billion.
Accounts controlled by Justin Sun transferred approximately $56.10 million to Binance to take part in an event aimed at regular users. After Changpeng Zhao publicly issued a warning, Justin Sun withdrew from the event and returned the rewards.
Zhao Changpeng pleaded guilty in the United States to criminal charges of failing to prevent money laundering.
Changpeng Zhao appeared on the cover of Forbes when Binance had been founded for less than 1 year.
After Binance launched, China began to regulate the digital currency industry, and Changpeng Zhao led his team to shift the business overseas.
Changpeng Zhao founded the cryptocurrency exchange Binance and later became an important figure in the cryptocurrency industry.