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Published 2 months ago

U.S. prosecutors seek 36-month sentence for ex-Binance CEO Changpeng Zhao

  • U.S. Prosecutors seek 36 months for ex-CEO of Binance for money laundering, above advisory guidelines, per sentencing memo.
  • Zhao allegedly failed Anti-Money Laundering rules, enabling Binance transactions involving unlawful activity; fined $50M.
  • U.S. Orders Binance to pay $4.3 billion, fines Zhao $50 million, calling it a "historically large fine.
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