Binance s founder, Changpeng Zhao, may serve 36 months in prison for money laundering violations. U.S. prosecutors push for this sentence due to the firm s ties to terrorist groups, child abuse materials, and large fines.
The crypto trading company pleaded guilty late last year to anti-money laundering and sanctions violations and agreed to pay $4.3 billion in penalties. In a sentencing memo filed on Friday in federal court in Seattle, US prosecutors urged a federal judge to accept the plea deal.
Jurors on Nov. 2 convicted Bankman-Fried on all seven counts he faced, after prosecutors accused him of looting $8 billion from FTX customers. | World News
U.S. prosecutors on Saturday urged a federal appeals court to reject former President Donald Trump's claim that he cannot face criminal charges for seeking to overturn his defeat in the 2020 election.
Huawei Technologies held a product launch event, where it unveiled its new tablet called the MatePad Pro 13.2 and announced the roll-out of a new ultra high-end brand called Ultimate Design , which includes a Mate 60 RS smartphone and a watch. While details about the Mate 60 smartphone series were not discussed, users and analysts have praised the Mate 60 Pro for its Chinese-made chip and 5G capabilities.