Binance founder Changpeng Zhao sentenced to four months in prison
A federal judge has sentenced Binance founder Chang Peng Zhao (often known as "CZ") has four month In prison, as First of all reported by THE New York Times. Prosecutors had recommended three years. Zhao pleaded guilty In November has violate THE Bank Secret Act by fail has together up A fight against money laundering program.
THE DOJ accused Zhao of allowing criminal activity has to bloom on THE crypto exchange. “Binance turned A blind eye has It is legal obligations In THE pursuit of profit. It is deliberate chess allowed money has to flow has The Terrorists, cybercriminals, And child the attackers through It is platform," Treasury secretary Jane Yellen said In November.
THE government accused Binance of refusing has conform with American punishments And fail has report suspicious transactions related has drugs And child sexual abuse materials. Prosecutors said In court that Zhao had said Binance employees he was "better has ask For forgiveness that authorisation" while bragging that if Binance had obeyed THE law, he wouldn't he be "as big as We are Today. »
Below THE advocacy offers terms, Binance agreed has forfeit $2.50 billion And pay A $1.8 billion GOOD. Zhao personally paid $50 million as part of THE regulations.
Although THE charges differed, that of Zhao sentence East dramatically shorter that THE 25 years companion crypto figurehead Sat Bankman-Fried received In March. SBF, as he is often known, was sentenced on Seven account of fraud And conspiracy For her role has THE rod of THE crypto platform FTX.
Zhao plays A integral role In Bankman-Fried's fall — And THE crypto industry wider decline In THE last 18 month. THE Binance founder tweeted In November 2022 that her business would be liquidate It is assets In FTX of facto token. He said "recent revelations that to have came has light" while quoting "ethics concerns » And “regulatory risks." THE posts not only crushed FTX but THE crypto world has big. (They likely help attract THE Governments attention as GOOD.) When FTX well dried up following THE the platform fast collapse, Zhao briefly agreed has buy THE business but quickly supported outside.
Prosecutors said that of Zhao crime California...
A federal judge has sentenced Binance founder Chang Peng Zhao (often known as "CZ") has four month In prison, as First of all reported by THE New York Times. Prosecutors had recommended three years. Zhao pleaded guilty In November has violate THE Bank Secret Act by fail has together up A fight against money laundering program.
THE DOJ accused Zhao of allowing criminal activity has to bloom on THE crypto exchange. “Binance turned A blind eye has It is legal obligations In THE pursuit of profit. It is deliberate chess allowed money has to flow has The Terrorists, cybercriminals, And child the attackers through It is platform," Treasury secretary Jane Yellen said In November.
THE government accused Binance of refusing has conform with American punishments And fail has report suspicious transactions related has drugs And child sexual abuse materials. Prosecutors said In court that Zhao had said Binance employees he was "better has ask For forgiveness that authorisation" while bragging that if Binance had obeyed THE law, he wouldn't he be "as big as We are Today. »
Below THE advocacy offers terms, Binance agreed has forfeit $2.50 billion And pay A $1.8 billion GOOD. Zhao personally paid $50 million as part of THE regulations.
Although THE charges differed, that of Zhao sentence East dramatically shorter that THE 25 years companion crypto figurehead Sat Bankman-Fried received In March. SBF, as he is often known, was sentenced on Seven account of fraud And conspiracy For her role has THE rod of THE crypto platform FTX.
Zhao plays A integral role In Bankman-Fried's fall — And THE crypto industry wider decline In THE last 18 month. THE Binance founder tweeted In November 2022 that her business would be liquidate It is assets In FTX of facto token. He said "recent revelations that to have came has light" while quoting "ethics concerns » And “regulatory risks." THE posts not only crushed FTX but THE crypto world has big. (They likely help attract THE Governments attention as GOOD.) When FTX well dried up following THE the platform fast collapse, Zhao briefly agreed has buy THE business but quickly supported outside.
Prosecutors said that of Zhao crime California...
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