Yi He, co-founder of Binance, said that crypto exchange's former CEO, Changpeng Zhao, is in a “positive situation” in the U.S. as he awaits sentencing, which is slated for April 30.

He said at a Binance Chinese community meetup in Dubai that Zhao’s current standing in the U.S. is “largely peaceful and past regulatory pressures have been internally anticipated,” according to Binance News, the crypto exchange’s content aggregator for its community. “She believes the existing situation to be the most optimal outcome given the circumstances,” the report said.

He’s comment comes after Zhao pleaded guilty late last year in the U.S. to anti-money laundering and sanctions violations, and has agreed to pay a $50 million fine and stepped down from his chief executive post. His sentencing is …