Changpeng Zhao, CEO of Binance Crypto Exchange, Sentenced to 4 Months in Jail

Quick Summary:

Binance founder apologizes for evading money-laundering laws, after pleading guilty and paying huge fines; prosecutors happy with to see him jailed, but critics say small term shows 'crime pays'

The post 4 Months Jail for Binance Crypto Exchange CEO Changpeng Zhao appeared first on Asia Financial.

The sentence imposed by US District Judge Richard Jones was significantly shorter than the three years sought by prosecutors, and below the maximum 18 months recommended under federal guidelines.

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Article Details

Author / Journalist: Jim Pollard

Category: InvestingBusiness

Markets: Hong KongAustraliaThailandUnited Arab Emirates

Topics: Regions Fintech Market Insights ESG World Fintech Insights Asia China Crypto

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-05-01 @ 07:18:02 (2 weeks ago)

News Timezone: GMT +8:00

News Source URL: asiafinancial.com

Language: English

Article Length: 766 words

Reading Time: 5 minutes read

Sentences: 32 lines

Sentence Length: 24 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Asia Financial

News ID: 20846582

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About Asia Financial

Main Topics: InvestingBusiness

Official Website: asiafinancial.com

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News Last Updated: 15 hours ago

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Publisher ID: #86

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