Changpeng Zhao, the former chief executive of Binance, was sentenced on Tuesday to four months in prison after pleading guilty to violating U.S. money-laundering laws at the world’s largest cryptocurrency exchange.
The sentence was imposed by U.S. District Judge Richard Jones in Seattle, who rejected prosecutors’ request that the 47-year-old Zhao serve a three-year term.
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Once considered the most powerful person in the crypto industry, Zhao, known as “CZ,” will be the second major crypto boss to be sentenced to prison.
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