DOJ's "Sweet Deal" for Binance's Changpeng Zhao Sparks Controversy over Leniency

Quick Summary:

Zhao, charged with noncompliance in the implementation of an adequate anti-money laundering program in Binance, was given four months in prison.

Changpeng Zhao, the former CEO of cryptocurrency exchange Binance, was recently sentenced, which led to a variety of reactions.

Kelleher’s strong criticism arises from his opinion that the DOJ’s approach to the case implies a rather permissive attitude towards the potential corporate offenders, especially in the fast-growing crypto industry.

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Article Details

Author / Journalist: Kelvin Munene Murithi

Category: Crypto

Markets: India

Topics: DoJ 24/7 Cryptocurrency News Regulation News Binance Changpeng 'CZ' Zhao

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-05-01 @ 07:01:16 (2 weeks ago)

News Timezone: GMT +8:00

News Source URL: coingape.com

Language: English

Article Length: 512 words

Reading Time: 3 minutes read

Sentences: 28 lines

Sentence Length: 19 words per sentence (average)

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

Copyright Owner: © CoinGape

News ID: 20843019

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Main Topics: Crypto

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News Last Updated: 8 hours ago

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