Federal prosecutors said Binance founder Changpeng Zhao should be sentenced to three years in prison, according to a court filing Tuesday, after he pleaded guilty last year to violating federal money laundering laws and sanctions.
Binance's founder and former chief executive, Changpeng "CZ" Zhao, should spend three years in prison for his role in enabling the crypto exchange to violate federal sanctions and money laundering laws,
Changpeng Zhao, founder of crypto exchange Binance, should serve a three-year jail sentence given the gravity of his crimes, U.S. prosecutors said late Tuesday. Zhao stepped down as chief executive of Binance in November.
Former crypto kingpin Changpeng Zhao may soon share a cell with FTX fraudster Sam Bankman-Fried — and if the feds get their way it will be for three years. US prosecutors recommended an above-guidance,
Once the most powerful figure in the crypto industry, Zhao stepped down as Binance’s chief last November, when he and the exchange admitted to evading anti-money-laundering requirements.
In a stern move reflecting the severity of financial crimes, U.S. prosecutors have recommended a 36-month prison sentence for Changpeng Zhao, the former CEO of cryptocurrency giant Binance, for aiding in money
Join Our Telegram channel to stay up to date on breaking news coverage U.S. prosecutors are seeking a 36-month prison sentence for Binance co-founder Changpeng Zhao, who they say purposefully violated the law to “line his pockets.