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News Forum - Ex-Binance CEO Changpeng Zhao receives four-month sentence

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Thaiger

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The former CEO of Binance and once a dominant figure in the cryptocurrency industry, Changpeng Zhao, was given a four-month prison sentence yesterday after admitting to violating anti-money laundering laws in the United States. The sentencing of Changpeng, commonly known as CZ, marks a landmark moment in the crypto industry, with two major figures now … …

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Fanta Grand Master

Fanta

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3 hours ago, Thaiger said:

As part of the judgment, Binance agreed to pay a US$4.32 billion penalty, and Changpeng was ordered to pay a US$50 million criminal fine and an additional US$50 million to the US Commodity Futures Trading Commission.

I am sure the 4,420 million dollar fine had nothing to do with the lenient sentence. 😉

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