- Changpeng Zhao, the founder of Binance, has been sentenced to four months in prison for violating US money laundering laws.
- Despite facing a maximum of three years, Zhao’s sentence was lighter, in contrast to another crypto leader who received 25 years for a larger crime involving $8 billion.
- The judge criticized Zhao for prioritizing business growth over compliance with US regulations, sparking debate over the adequacy of the sentence.
Binance Founder CZ Sentenced to 4 Months in Prison for Money Laundering Violations
Changpeng Zhao, the founder of Binance, has been sentenced to four months in prison for violating US money laundering laws.