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Published 18 days ago

Binance founder Changpeng Zhao faces sentencing; US seeks 3-year term for allowing money laundering

  • Binance's billionaire founder Changpeng Zhao received a four-month prison sentence for enabling money laundering at his crypto exchange.
  • Zhao's sentence in Seattle federal court was shorter than the three years sought by prosecutors.
  • As part of a deal with the U.S. Government, Zhao stepped down as Binance's CEO to resolve a multiyear investigation into the exchange.
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Associated Press NewsAssociated Press News

Ex-Binance CEO Changpeng Zhao sentenced to four months for allowing money laundering on largest crypto exchange

Ex-Binance CEO Changpeng Zhao sentenced to four months for allowing money laundering on largest crypto exchange.

18 days ago·United States
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abc Newsabc News

Binance founder Changpeng Zhao faces sentencing; US seeks 3-year term for allowing money laundering

Changpeng Zhao, the founder of Binance, the world’s largest cryptocurrency exchange, faces sentencing in a Seattle courtroom

19 days ago·United States
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Irish IndependentIrish Independent

Binance founder faces sentencing for allowing money laundering on crypto exchange

Changpeng Zhao, the founder of Binance, the world’s largest cryptocurrency exchange, is facing sentencing in a Seattle courtroom on Tuesday.

18 days ago·Ireland
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KIFIKIFI

Binance founder Changpeng Zhao faces sentencing; US seeks 3-year term for allowing money laundering

By GENE JOHNSON Associated Press SEATTLE (AP) — Changpeng Zhao, the founder of Binance, the world’s largest cryptocurrency exchange, faces sentencing in a Seattle courtroom. U.S. prosecutors are asking a judge on Tuesday to give him a three-year prison term for allowing rampant money laundering on the platform. Zhao pleaded guilty and stepped down as Binance CEO in November as the company agreed to pay $4.3 billion to settle related allegations.…

19 days ago·Idaho Falls, United States
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CNBCCNBC

Binance founder Changpeng Zhao sentenced to four months in prison after plea deal

Five months after pleading guilty to money laundering violations, Binance founder Changpeng Zhao was sentenced to four months in prison.

18 days ago·United States
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Channel News AsiaChannel News Asia

Binance's founder Zhao faces sentencing over money laundering violations

WASHINGTON: The former chief executive of Binance, the world's largest cryptocurrency exchange, could face years in prison when he is sentenced on Tuesday (Apr 30) after his guilty plea to violating US money-laundering laws. US prosecutors have told District Judge Richard Jones in Seattle that they want

18 days ago·Singapore
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