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Binance's founder, Changpeng Zhao, may serve 36 months in prison for money laundering violations. U.S. prosecutors push for this sentence due to the firm's ties to terrorist groups, child abuse materials, and large fines.
The crypto trading company pleaded guilty late last year to anti-money laundering and sanctions violations and agreed to pay $4.3 billion in penalties. In a sentencing memo filed on Friday in federal court in Seattle, US prosecutors urged a federal judge to accept the plea deal.
Jurors on Nov. 2 convicted Bankman-Fried on all seven counts he faced, after prosecutors accused him of looting $8 billion from FTX customers. | World News
U.S. prosecutors on Saturday urged a federal appeals court to reject former President Donald Trump's claim that he cannot face criminal charges for seeking to overturn his defeat in the 2020 election.
Huawei Technologies held a product launch event, where it unveiled its new tablet called the MatePad Pro 13.2 and announced the roll-out of a new ultra high-end brand called 'Ultimate Design', which includes a Mate 60 RS smartphone and a watch. While details about the Mate 60 smartphone series were not discussed, users and analysts have praised the Mate 60 Pro for its Chinese-made chip and 5G capabilities.