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.
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.
Changpeng Zhao, founder of Binance, the world's biggest crypto exchange, was sentenced on Tuesday to four months in prison after pleading guilty to violating US laws against money laundering.
Once considered the most powerful crypto industry figure, Zhao, known as "CZ," is the second major crypto
SEATTLE Former Binance CEO Changpeng Zhao was sentenced Tuesday to four months in prison for allowing rampant money laundering on the world s largest cryptocurrency exchange.