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Home World Asia Pacific

Binance founder sentenced to four months in prison by US court

2 May 2024
in Asia Pacific
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Binance founder sentenced to four months in prison by US court
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Changpeng Zhao

Changpeng Zhao, who was once considered a major figure in the cryptocurrency world and previously served as the CEO of Binance, has been sentenced to four months in prison by a US court, as reported by Reuters.

The decision was made after Zhao admitted to violating US anti-money laundering laws. Prosecutors claimed that Binance operated under a “Wild West” approach, openly welcoming…



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