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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 world's 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
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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