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NY Post
New York Post
30 Apr 2024


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

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.

Changpeng Zhao was sentenced to four months in prison. AP

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.