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Former Binance Crypto Chief Sentenced to Four Months in Money Laundering Case

Alice Hawthorne

Published

Binance Former CEO Jailed

In 2023, Binance emerged as the leading cryptocurrency exchange globally with an impressive $18.1 trillion in trading volume. The former chief of Binance, Changpeng Zhao, has been sentenced to four months in prison for violating US anti-money laundering regulations at the cryptocurrency exchange founded in 2017. Zhao admitted guilt for his actions before US District Judge Richard Jones in Seattle.

Details of the Case

  • Binance, established in 2017, became the top cryptocurrency exchange in 2023 with a trading volume of $18.1 trillion.
  • Changpeng Zhao, the former CEO of Binance, received a four-month prison term for breaching US anti-money laundering regulations.
  • Zhao admitted guilt for his actions before the US District Judge Richard Jones in Seattle.
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