U.S. Department of Justice files motion for proposed protective order in CZ lawsuit to seal relevant sensitive information

According to a Feb. 20 motion for a protective order, U.S. attorneys sought entry into the protective order given the sensitive information in CZ's lawsuit. The DOJ said defendant CZ and defense attorneys did not oppose the request for a protective order. According to U.S. prosecutors, CZ admitted failing to maintain an effective anti-money laundering program. The evidentiary materials provided include interviews with sensitive witnesses, third-party financial records and third-party internal business records. In the motion, the Justice Department filed a proposed order restricting public access to any information. "The proposed protective order will not be disseminated or distributed to anyone other than defense attorneys, defense team members, and the defendant," the filing reads. Additionally, the identities of sensitive witnesses will not be disclosed in public documents and will remain sealed similar to the recent sealing of unredacted letters and medical records. (CoinGape) According to previous news on February 17, U.S. prosecutors submitted a sentencing memorandum to the Seattle federal court on Friday regarding Binance’s alleged violation of U.S. economic sanctions laws and anti-money laundering regulations, and asked the federal judge to approve the relevant plea agreement. It is reported that the plea agreement It also requested that Binance be monitored for up to five years. In addition, Bloomberg also revealed that CZ, the former CEO of Binance, has pleaded guilty to anti-money laundering crimes and is expected to be sentenced in April this year. Although he may face up to 10 years in prison, according to the plea agreement information, the sentence is expected to be no more than 18 months. . Binance admitted late last year to violating U.S. anti-money laundering and sanctions regulations and agreed to pay a fine of up to $4.3 billion.