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.
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.
Changpeng Zhao got a 4-month prison sentence instead of 3 years for his actions on Binance. The short trial and guilty plea of Binance founder and ex-CEO Changpeng Zhao finally saw its sentencing for the executive, and he is only getting four months of prison time to serve.
Inside the Seattle courtroom where Binance's founder received a controversial prison sentence – GeekWire geekwire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from geekwire.com Daily Mail and Mail on Sunday newspapers.