In a highly anticipated development, Changpeng “CZ” Zhao, the co-founder and former CEO of leading cryptocurrency exchange Binance, is seeking probation instead of a potential prison sentence. This decision follows serious accusations against him, with prosecutors from the U.S. Department of Justice pushing for a 36-month jail term. The sentencing hearing is set for April 30, with FinTelegram taking a firm stance against leniency as CZ's leadership has reportedly allowed Binance to facilitate cybercrime activities.