In a court filing on Tuesday, April 23, U.S. prosecutors said that Binance founder Changpeng Zhao should serve 36 months in prison over the allegations of violating the anti-money laundering laws (AML). As per the latest reports, Zhao, who stepped down as the Binance chief last November, will face the sentence on April 30.
In November, Zhao pleaded guilty to violating and causing a financial institution to violate the Bank Secrecy Act.
Changpeng “CZ” Zhao, founder and former CEO of Binance, the world's largest crypto exchange, faces a potential three-year prison sentence.
Changpeng Zhao, the founder of Binance, the world's largest cryptocurrency exchange, should serve 36 months in prison after pleading guilty to violating laws against money laundering, U.S. prosecutors said in a court filing on Tuesday.
Attorneys with the U.S. Department of Justice and former Binance CEO Changpeng Zhao filed their sentencing memos on Tuesday night.
Shiba Inu Faces Volatility Amid Listings And Partnerships
Shiba Inu faces a potential decline amid the broader market's stagnation. Meanwhile, Dogecoin and Shiba Inu have seen significant price gains, with Sh
BTC-e Operator Pleads Guilty To Money Laundering Charges In The U.S.
Alexander Vinnik, co-founder of former crypto exchange BTC-e, has admitted to conspiring to launder money. This marks a significant development in a l
Potential Bitfinex Data Leak Threat Denied By CTO
FSOCIETY claimed to have stolen data from Bitfinex, but the exchange's CTO confidently called it fake, denying a security breach. The alleged hackers
Tesla Accepts Dogecoin As Payment, Driving Price Surge
Elon Musk's Tesla now accepts Dogecoin as a payment option on its website for merchandise purchases. The addition of Dogecoin, a favorite among the cr
Ripple CEO Defends XRP And Ethereum As Non-Securities Amid SEC Scrutiny
Ripple CEO Brad Garlinghouse publicly supports Ethereum amidst SEC scrutiny, criticizing Chairman Gary Gensler and highlighting the importance of clea