BlockTower Capital founder: CZ and SBF committed the same crime, and the US gave the former a lighter sentence in order to protect user funds

BlockBeats news, on September 22, BlockTower Capital founder and CIO Ari Paul opposed CryptoQuant CEO Ki Young Ju's positive view of CZ, and said, "CZ committed the same crime as SBF. If the federal government wants, CZ can be sentenced to life imprisonment. CZ stole customer deposits and gambled. He has dozens of charges and deceived retail investors in dozens of ways. He deliberately facilitated money laundering and worse for criminal groups. Why was he only charged with a little bit? Because the federal government is worried that he will swindle more than $30 billion in retail funds by bribing the UAE sheikh to obtain sovereign immunity, and second, the federal government wants a lot of Binance documents that can prove the industry guilty. "

It is worth noting that the Reuters report cited by Ari Paul accused CZ of obtaining approximately $11 billion in customer assets through trading companies. In response, CryptoQuant CEO Ki Young Ju quoted the U.S. Department of Justice's statement on CZ's allegations, saying that Reuters' report had no solid evidence, but only indirect suspicion, and no legal conviction was made. Moreover, "the Department of Justice did not accuse CZ of embezzling customer funds, but accused him of abetting money laundering."

Others also expressed different opinions on Ari Paul's views. He said that it is illogical for a person to choose to steal $30 billion to be a hostage of a small country when he has become a billionaire. In addition, Binance also has customers from the UAE, and "theft" will also face legal rulings in the UAE.