2023-11-21 19:16 |
The DOJ will hold a press release later today to announce the settlement.
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His four-month sentence was vindication for the Binance founder’s legal strategy.
His four-month sentence was vindication for the Binance founder’s legal strategy.
Binance's founder and former chief executive, Changpeng "CZ" Zhao, should spend three years in prison for his role in enabling the crypto exchange to violate federal sanctions and money laundering laws, the U.S. Department of Justice said Tuesday night.
Binance's founder and former chief executive, Changpeng "CZ" Zhao, should spend three years in prison for his role in enabling the crypto exchange to violate federal sanctions and money laundering laws, the U.S. Department of Justice said Tuesday night.
Zhao has requested permission to travel to the UAE, where his three children remain.
Binance is paying literally billions of dollars and giving the U. S. government unfettered access to its books, while its founder and former CEO Changpeng Zhao is looking at maybe a year and a half in federal prison.