Changpeng Zhao, the former chief executive of Binance, was sentenced on Tuesday to four months in prison after pleading guilty to violating US money-laundering laws at the world’s largest cryptocurrency exchange.
The sentence was imposed by US District Judge Richard Jones in Seattle, who rejected prosecutors’ request that the 47-year-old Zhao serve a three-year term.
Once considered the most powerful person in the crypto industry, Zhao, known as “CZ,”will be the second major crypto boss to be sentenced to prison.
This a developing story. Please check back for updates.
[Notigroup Newsroom in collaboration with other media outlets, with information from the following sources]
