Page 2 - Mark Bartlett News Today

Changpeng Zhao, the founder and former chief executive of the world's largest cryptocurrency exchange, Binance, was sentenced on Tuesday to four...

Zhao pleaded guilty in November to one count of failing to take required anti-money-laundering measures and stepped down as Binance's CEO.

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.

SEATTLE (Reuters) -- Changpeng Zhao, the former chief executive of Binance, was sentenced on Tuesday to four months in prison after pleading guilty to

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, 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 worlds largest cryptocurrency exchange.

SEATTLE—Changpeng Zhao, founder of the world’s largest cryptocurrency exchange, was sentenced Tuesday to four months in prison for looking the other way as criminals used the platform to move money connected to child sex abuse, drug trafficking and terrorism. US District Judge Richard A. Jones credited the founder and former…

Changpeng Zhao jailed for allowing rampant money laundering on the platform

Former Binance CEO Changpeng Zhao has been sentenced to four months in prison for allowing rampant money laundering on the world’s largest cryptocurrency exchange