Binance Founder Changpeng Zhao Gets Four Months in Prison
Bloomberg.com - 2024-04-30T19:01:25.278Z

Binance founder Changpeng Zhao was ordered to spend four months in prison for failures that allowed cybercriminals and terrorist groups to freely trade on the world’s largest cryptocurrency exchange.

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Binance founder Changpeng Zhao sentenced to four months in prison
Binance founder Changpeng Zhao was sentenced to four months in prison for failing to establish adequate anti-money laundering protections. Zhao, once the head of the largest crypto exchange in the world, pleaded guilty in November 2023. Judge Richard Jones says that Zhao prioritized “Binance’s growth and profits over compliance with US laws and regulations.” While Jones doesn’t think Zhao is likely to reoffend, the scale of the crime is notable. "Binance “violated US law on an unprecedented...
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The founder of the world's largest cryptocurrency exchange has been sentenced to four months in prison for allowing money launderers to...
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Binance founder Changpeng Zhao sentenced to four months in prison

Binance founder Changpeng Zhao sentenced to four months in prison after plea deal

Binance Founder Changpeng Zhao Gets 4 Months Behind Bars for Money Laundering