Judge Jones largely agrees with Probation Office. Total level is 12, which would lead to a 10-16 month prison term and 1-3 years supervised release. Now going to hear from DOJ, defense and CZ before final ruling. According to @nikhileshde https://twitter.com/WuBlockchain/status/1785351460705972276

Twitter

Odaily Odaily reported that Richard Jones, the judge at CZ's hearing, said he disagreed with the US Department of Justice's request to increase CZ's sentence from 18 months to 3 years because "there is no evidence that the defendant was informed" of the illegal activities.

CZ hearing judge: Disagree with the US Department of Justice's request to extend the sentence to 3 years

According to court Odaily, although the Department of Justice requested a 36-month prison sentence and a $50 million fine for CZ, the probation office recommended a five-month suspended sentence in its statement report. At the same time, the defense requested house arrest and probation, and no jail time. Analyst Tama Kudman, partner of Kudman Trachten Aloe Posner LLP, said that the Department of Justice's request to extend the sentence seemed to be sending a strong message. (Coindesk)

The U.S. Probation Office recommends five months probation for CZ

In this issue, we bring you two incentive testnet projects, which raised $2 million and $7 million respectively.
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CVEX
CVEX is a decentralized finance with advanced options and futures trading, 1000x leverage and cross-margin functions, enabling efficient trading across cryptocurrencies.
Unlike traditional trading platforms, Crypto Valley Exchange is a synergistic hybrid of different components, each of which provides unique functions:
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Protocol: Management operations and asset management, assets are managed on-chain under the decentralized governance of DAO.
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Platform operator: defines the interaction and...