Tag Archives: money laundering

Changpeng Zhao, the founder of Binance exchange, has been sentenced to four months in prison, a lighter penalty than other crypto executives have faced since the industry’s collapse in 2022. Zhao pleaded guilty last year to a money-laundering violation, acknowledging that his company allowed terrorist groups and other criminals to …

After FTX collapsed, Binance’s CEO, Zhao Weibo, found Changpeng Zhao, also known as C.Z., guilty of fraud. Binance is the largest cryptocurrency exchange in the world. In addition to paying $4.3 billion in fines and restitution, Binance will also step down as CEO and pay a $50 million fine. In …