CZ’s sentencing hearing will be held on February 24 next year, Beijing time
Odaily News Binance founder and former CEO CZ has been released on a $175 million personal guarantee. The sentencing hearing is scheduled for 9:00 on February 23, 2024, Pacific time (1:00 on February 24, Beijing time) held. According to court documents, he will deposit $15 million in a DWT trust account and agree to give up the funds if he violates bail conditions. He also found two guarantors who promised to provide guarantees of US$250,000 and US$100,000 respectively. The terms of CZs release prohibit him from breaking the law, flirting with witnesses or victims or taking any over-the-counter controlled substances, which are normal provisions of bail. CZ was allowed to leave the United States and said he must return 14 days before sentencing. (CoinDesk) According to previous news, BitMEX Research posted on the X platform that the court ruled that CZ will be allowed to live in the United Arab Emirates while waiting for the verdict. CZ must return to the United States 14 days before sentencing. Additionally, WhaleWire reported that CZ was released on a personal bail of $175 million, one of the largest bails in history. According to Bloomberg, CZ could have faced up to 10 years in prison, but under the plea agreement, he is not expected to be sentenced to more than 18 months in prison. The U.S. Department of Justice has not decided how long they will seek to sentence him.
Odaily News: According to on-chain analyst Aunt Ai's monitoring, a certain whale sold 5.338 million PONS at an average price of $0.6779, worth $3.67 million, driving the PONS price down 4% from $0.6968 to $0.6688. PONS was previously the largest on-chain asset of this address, with an entry price of approximately $0.7154. This sale resulted in a loss of about $200,000.
Odaily News: Crypto industry figure Jordy posted on X platform that former Hack VC partner Hsin-Ju Chuang has been found dead, and expressed condolences. According to a screenshot of a report shared by Jordy, 37-year-old Hsin-Ju Chuang resided in North Las Vegas and was found dead last month near a remote exit off Interstate 15 in the Mojave Desert. Investigators have not yet determined the cause of death.Hsin-Ju previously claimed that she was required to continue working during a medical emergency and was threatened with being blacklisted from the industry if she left before an event was completed. She rejected Hack VC's settlement offer and had planned to publicly release evidence related to her tenure on August 26. Hack VC stated that it has noticed the relevant content, is concerned about Hsin-Ju's health condition, but said that its understanding of the events differs significantly from what Hsin-Ju published, and that it would not publicly discuss details out of privacy considerations.
Odaily News: According to an official announcement, Binance will list the OURAUSDT USD-M Pre-IPO perpetual contract at 08:30 (UTC) on September 23, 2026, with a maximum leverage of 20x and support for multi-asset mode.
According to Lookonchain monitoring, a newly created address bought 269,500 UNI worth $2.84 million, while another address separately bought 138,400 UNI worth $1.23 million.
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