Hong Kong student jailed for 1 year and 4 months over money laundering charge linked to 2019 protest fund

Hong Kong Free Press HKFP— A Hong Kong man has been jailed for one year and four months over his links to a fundraising platform that supported protesters in 2019. Yu Yan-yuk, currently a student at the Chinese University of Hong Kong, appeared at the District Court on Wednesday afternoon, local media reported. He earlier pleaded not guilty to money […]

Hong Kong Free Press HKFP—Hong Kong Cardinal Zen and 4 other activists to challenge conviction over 2019 protester relief fund. Hong Kong Cardinal Joseph Zen and four other pro-democracy activists are set to appeal their convictions linked to a defunct fund that supported protesters during the unrest in 2019. The legal challenge was launched by Cardinal Zen, barrister Margaret Ng, former lawmaker Cyd Ho, scholar Hui Po-keung and singer-activist Denise Ho, who were trustees of […]

CNN—Binance founder is sentenced to 4 months in prison on money-laundering charges. Changpeng Zhao, the founder of the world’s leading cryptocurrency exchange, was sentenced on Tuesday to four months in prison after pleading guilty to money-laundering charges last year. The sentence, handed down in a US federal court in Seattle, is far lighter than the three years prosecutors had argued for. Prior to the sentencing hearing Tuesday, Zhao, who goes by CZ, apologized for mistakes he made as CEO of Binance, the crypto exchange he founded in 2017. “Words cannot explain how deeply I...

Honolulu Star-Advertiser—Binance’s former CEO gets 4 months for money laundering. SEATTLE >> Changpeng Zhao, the former chief executive of Binance, was sentenced today to four months in prison after pleading guilty to violating U.S. money-laundering laws at the world’s largest cryptocurrency exchange.