Binance crypto founder Zhao sentenced to four months in prison

Binance crypto founder Zhao sentenced to four months in prison

Binance founder and former chief Changpeng Zhao, who pleaded guilty to violating U.S. law by failing to implement a program to prevent money laundering, arrives for his sentencing in federal district court in Seattle, Washington, U.S. April 30, 2024. REUTERS/Deborah Bloom

Changpeng Zhao, the former chief executive of Binance, was sentenced on Tuesday to four months in prison after pleading guilty to violating US laws against money laundering at the world’s largest cryptocurrency exchange.