Changpeng zhao articles
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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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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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