Binance founder Changpeng Zhao gets prison sentence on money laundering
A federal court in Seattle delivered Changpeng Zhao's sentence for violating money laundering laws
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A federal court in Seattle delivered Changpeng Zhao's sentence for violating money laundering laws
Prosecutors said 36 months would be an appropriate term given the Binance founder's "willful violation of U.S. law and its consequences."
The sentence capped an incredible fall for the young financier known as SBF, who was once the poster boy for the emerging crypto industry
On March 28, Judge Lewis Kaplan sentenced former FTX CEO Sam Bankman-Fried to 300 months in prison, a term many considered not long enough given his crimes.
Investors were initially curious about Spot Ethereum (CRYPTO: ETH) Exchange Traded Funds (ETFs).