Binance crypto founder Zhao sentenced to 4 months in prison
Wednesday, 1 May 2024 ()
Changpeng Zhao, the founder of Binance, has been sentenced to four months in prison for regulatory failures that permitted cybercriminals and terrorist groups to use the platform. The sentencing occurred in Seattle by US District Judge Richard Jones. Zhao, 47, attended the court dressed in a dark suit and accompanied by several lawyers, with his family present.
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