Binance Founder Sentenced to 4 Months in Prison
Source: New York Times
Changpeng Zhao, the billionaire founder of the giant cryptocurrency exchange Binance, was sentenced on Tuesday to four months in prison, a much lighter penalty than other crypto executives have faced since the industry imploded in 2022.After Mr. Zhao pleaded guilty to money-laundering violations last year, prosecutors requested a three-year sentence, while defense lawyers asked for probation without any prison…
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