Binance's Changpeng Zhao sentenced to four months in prison over money laundering violations
Former Binance CEO Changpeng Zhao ('CZ'), 47, sentenced to four months in prison by U.S. District Judge Richard Jones in Seattle, becoming the second major crypto boss sent to prison.
By Reuters |
Reuters
Changpeng Zhao, the former chief executive of Binance, was sentenced on Tuesday to four months in prison after pleading guilty to violating U.S. money-laundering laws at the world's largest cryptocurrency exchange.
The sentence was imposed by U.S. District Judge Richard Jones in Seattle, who rejected prosecutors' request that the 47-year-old Zhao serve a three-year term.
Once considered the most powerful person in the crypto industry, Zhao, known as "CZ," will be the second major crypto boss to be sentenced to prison.
The sentence was imposed by U.S. District Judge Richard Jones in Seattle, who rejected prosecutors' request that the 47-year-old Zhao serve a three-year term.
Once considered the most powerful person in the crypto industry, Zhao, known as "CZ," will be the second major crypto boss to be sentenced to prison.
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