Binance founder sentenced to four months for money laundering

Binance founder sentenced to four months for money laundering

6 months ago
Anonymous $6hYC3Wwiad

https://www.theguardian.com/technology/2024/apr/30/binance-founder-sentenced-money-laundering

Changpeng Zhao pleaded guilty and stepped down as CEO of the crypto trading company last year

Changpeng Zhao, the former head of the world’s largest cryptocurrency trading company, was sentenced to four months in jail on Tuesday in a Seattle courtroom. Zhao pleaded guilty late last year to money-laundering violations and stepped down as CEO of Binance. The company itself was fined $4.3bn. Zhao was fined $50m last year.