Changpeng Zhao, the previous chief govt of Binance, was sentenced on Tuesday to 4 months in jail after pleading responsible to violating U.S. money-laundering legal guidelines on the world’s largest cryptocurrency trade.
The sentence was imposed by U.S. District Choose Richard Jones in Seattle, who rejected prosecutors’ request that the 47-year-old Zhao serve a three-year time period.
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As soon as thought of essentially the most highly effective individual within the crypto business, Zhao, generally known as “CZ,” would be the second main crypto boss to be sentenced to jail.
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