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Everyone is in suspense over the legal story surrounding Zhao Changpeng. The former crypto tycoon, who was sentenced to four months in prison for his actions as head of Binance, is yet to make his way to solitary confinement. A situation that fuels speculation. Is CZ preparing to escape? Or are the wheels of justice still protecting him?
Legal weapons in support of CZ
Zhao Changpeng defended thoroughly from the beginning. In fact, the former CEO of cryptocurrency exchange Binance was surrounded by a veritable army of top lawyers. He had over seven lawyers from three prestigious law firms file his case. The strategy seems to have been a success, as it seems to have saved him valuable time before being imprisoned.
Apparently, if CZ is still free, it is mainly for procedural reasons. Under U.S. law, the Bureau of Prisons must consider certain criteria before deciding where to incarcerate someone. Prison resources, the nature of the crime, and the profile of the convict are all points that need to be carefully investigated. In the case of the former president of Binance, an ant-like task that the competent service clearly hasn't completed yet.
Will the former cryptocurrency tycoon escape safely?
The former head of cryptocurrency exchange Binance's legal team also appears to have withdrawn the heavy guns. These leading lawyers rely on the fundamental principle of “due process.” This constitutional protection, in theory, guarantees regular, fair and lawful proceedings. A loophole that allows CZ defenders to overturn the verdict.
As it turns out, things seem to be only temporarily stagnant. On the one hand, authorities have stepped up checks to ensure that Mr. CZ serves his sentence under appropriate conditions. Meanwhile, his lawyers seem prepared to explore every legal loophole. In the cryptocurrency ecosystem, the conflict between blind defense and strict adherence to procedures is increasing day by day.
Although free for now, Zhao Changpeng remains at the center of the court. While his lawyers deftly navigate the delicate issues of the law, the state appears determined to show complete resolve. No matter what happens, it's a battle of giants taking place right now. The world of cryptocurrencies will be holding its breath until the next news.
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Adapt to society and live a safe life to survive in universities around the world. Community managers manage the underlying cryptocurrencies and work on blockchain and its development. Passionately consider experience and fair management in the domain, article information and how to terminate the contract.
Disclaimer
The views, ideas and opinions expressed in this article are solely those of the author and should not be construed as investment advice. Please do your own research before making any investment decisions.
