Binance and CZ’s Fortunes Are Set to Grow, Even in Jail (1)

It’s “better to ask for forgiveness than permission” when it comes to complying with the law, the billionaire founder of the Binance cryptocurrency exchange once told his team, according to the US government.

On Tuesday it was time for Changpeng “CZ” Zhao to ask for forgiveness, yet prosecutors weren’t exactly in the mood to grant it. In a court filing before his sentencing hearing, they cited the flippant attitude on display in this and other remarks as one of the reasons they recommended the court give him three years in prison — longer than what guidelines prescribe — following his guilty plea to violating anti-money laundering ...