Changpeng Zhao, the&nbsp;former chief executive of Binance,&nbsp;was sentenced on Tuesday to four months in prison&nbsp;after&nbsp;pleading guilty&nbsp;to violating US <a href="https://nypost.com/2024/04/24/business/ex-binance-ceo-changpeng-zhao-faces-3-years-for-money-laundering/">money-laundering laws&nbsp;at the world’s largest cryptocurrency exchange</a>.

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<figcaption>Changpeng Zhao was sentenced to four months in prison. <span class="credit">AP</span></figcaption>

The sentence was imposed by US District&nbsp;Judge Richard Jones in Seattle,&nbsp;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,&nbsp;Zhao,&nbsp;known as “CZ,”will be the&nbsp;second major crypto boss to&nbsp;be sentenced to prison.

<em>This a developing story. Please check back for updates.</em>

Prosecutors requested that the 47-year-old serve a three-year term.{ai:summary}<p>Changpeng Zhao, ex-CEO of Binance, gets 4 months prison for money laundering, US largest crypto exchange. #crime</p>

Ex-Binance CEO Changpeng Zhao sentenced to 4 months prison for crypto crimes

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