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WASHINGTON — Zhao Changpeng, the former chief executive of Binance, was on April 30 sentenced to four months in prison after pleading guilty to violating US laws against money laundering at the world's largest cryptocurrency exchange. Once considered the most powerful crypto industry figure, Zhao, known as "CZ", is the second major crypto boss to be sentenced to prison. The...
Zhao, known as "CZ," is the second major crypto boss to be sentenced to prison.
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.
Once considered the most powerful crypto industry figure, Zhao, known as
Changpeng Zhao, 47, pleaded guilty in November to one count of failing to maintain an anti-money-laundering program.