BitMEX Research stated on the X platform that in CZ’s plea agreement, it was revealed that the agreement applies to level 12 crimes. Sentencing guidelines state that the expected sentence for a Level 12 crime is 10 to 16 months. However, judges are not required to follow this guidance.
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.