Binance founder sentenced to four months in prison for money laundering
After pleading guilty to money laundering, Changpeng Zhao's plea deal has seen him slapped with a four month sentence.
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After pleading guilty to money laundering, Changpeng Zhao's plea deal has seen him slapped with a four month sentence.
Bankman-Fried presided over the collapse of FTX, and was implicated in witness tampering following the start of his criminal case in 2022.
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Binance now owes the U.S. $4.3 billion as part of its settlement while Zhao has been released on a $175 million personal recognizance bond.
After almost a year since FTX ran into financial issues, the founder of the cryptocurrency exchange has been found guilty.