U.S. prosecutors seek 36-month sentence for ex-Binance CEO Changpeng Zhao
CNBC - 2024-04-24T08:18:29.000Z

U.S. prosecutors on Tuesday recommended an above-guidance, 36-month sentence for former Binance CEO Changpeng Zhao. Zhao should serve a...

US seeks 36 months in jail for Binance founder Changpeng Zhao
Changpeng Zhao, the founder of Binance, the world's largest cryptocurrency exchange, should serve 36 months in prison after pleading guilty to violating laws against money laundering, U.S. prosecutors said in a court filing on Tuesday. Zhao, who is expected to be sentenced on April 30 in Seattle, stepped down as Binance's chief last November, when he and the exchange admitted to the violations, and the firm agreed to a penalty of $4.32 billion. Given the magnitude of Zhao's willful violation of...
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- 2024-04-24T06:49:00.000Z
US DOJ seeks 36 months’ imprisonment for Binance founder Changpeng Zhao

U.S. prosecutors are seeking 36 months of imprisonment for Changpeng Zhao, founder and former chief executive of Binance, according to a Tuesday filing.

“Zhao’s willful violation of U.S. law was no accident or oversight,” the Department of Justice said in the filing
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2024-04-24T06:14:50.000Z

Five months after pleading guilty to money laundering violations, Binance founder Changpeng Zhao was sentenced to four months in prison.