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Binance Founder Changpeng Zhao Sentenced To 4 Months For Allowing Money Laundering

Binance Founder Changpeng Zhao Sentenced To 4 Months For Allowing Money Laundering
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Binance: Binance founder Changpeng Zhao sentenced to 4 months for allowing money laundering

Zhao pleaded guilty in November to one count of failing to take required anti-money-laundering measures and stepped down as Binance agreed to pay $4.3 billion to settle related allegations. U.S. officials said Zhao deliberately looked the other way as people conducted transactions that supported child sex abuse, the illegal drug trade and terrorism.

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