Binance articles
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Binance founder’s sentencing hearing
Binance founder Changpeng Zhao will find out today how much jail time he’ll serve for breaking US money laundering laws — if he serves any at all. Prosecutors have requested three years of prison time, double the sentencing guideline of 18 months, because the “scope and ramifications of Zhao’s misconduct were massive,” they wrote in their sentencing memo. Zhao’s lawyers, in their own sentencing memo, said that Zhao deserved no jail time, as “no defendant in a remotely similar BSA [Bank Secrecy...
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Binance founder sentenced to four months for money laundering
Changpeng Zhao pleaded guilty and stepped down as CEO of the crypto trading company last yearChangpeng Zhao, the former head of the world’s largest cryptocurrency trading company, was sentenced to four months in jail on Tuesday in a Seattle courtroom. Zhao pleaded guilty late last year to money-laundering violations and stepped down as CEO of Binance. The company itself was fined $4.3bn. Zhao was fined $50m last year.Judge Richard Jones told Zhao that there were a number of mitigating factors in...
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EXCLUSIVE: Kenya to extradite Binance executive who escaped from Nigeria
Following his arrest, the Kenya Police Service is expediting moves to extradite fugitive Binance executive, Nadeem Anjarwalla, to Nigeria within the week, The PUNCH has learnt. Anjarwalla who escaped from lawful custody in Nigeria in March, was in April tracked down in Kenya by a team comprising operatives drawn from the International Criminal Police Organisation, Read More