CZ’s Legal Battle: No Criminal Record, Only Regulatory Charges

Changpeng Zhao (CZ), CEO of Binance, faced a unique legal situation. His lawyer, Teresa Goody Guillén, claims he was prosecuted for regulatory violations rather than criminal acts. This unprecedented treatment has prompted comparisons with no executive having ever been jailed for similar compliance issues. “, the defense highlights that no prior leader in major financial institutions received a prison sentence for comparable failures.