US DOJ seeks 36 months’ imprisonment for Binance founder Changpeng Zhao
by The Block
U.S. prosecutors are seeking 36 months of imprisonment for Changpeng Zhao, founder and former chief executive of Binance, according to a Tuesday filing.
“Zhao’s willful violation of U.S. law was no accident or oversight,” the Department of Justice said in the filing ETtech.com—US seeks 36 months in jail for Binance founder Changpeng Zhao. Changpeng Zhao, the founder of Binance, the world's largest cryptocurrency exchange, should serve 36 months in prison after pleading guilty to violating laws against money laundering, U.S. prosecutors said in a court filing on Tuesday. Zhao, who is expected to be sentenced on April 30 in Seattle, stepped down as Binance's chief last November, when he and the exchange admitted to the violations, and the firm agreed to a penalty of $4.32 billion. Given the magnitude of Zhao's willful violation of... CNBC—U.S. prosecutors seek 36-month sentence for ex-Binance CEO Changpeng Zhao. U.S. prosecutors on Tuesday recommended an above-guidance, 36-month
sentence for former Binance CEO Changpeng Zhao. Zhao should serve a... The Independent—Binance founder Changpeng Zhao faces sentencing; US seeks 3-year term for allowing money laundering. Changpeng Zhao, the founder of Binance, the world’s largest cryptocurrency exchange, faces sentencing in a Seattle courtroom