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his rival, ceo of binance, changpeng zhao, has been given four months in jail. back in november, he was —— pleaded guilty to one count of violating the bank's secrecy act, resolving a multi— investigation by the us government into the well�*s largest cryptocurrency exchange, binance. as part of that agreement he also stepped down as ceo. the founder apologised to the court in seattle, saying his company had now put in place anti— money laundering controls. it was watched by his mother and sister who were in court as he learned his fate. the sentence was considerably shorter than the three years prosecutors were demanding and less than the 12-18 were demanding and less than the 12—18 months recommended underfederal the 12—18 months recommended under federal guidelines. the 12—18 months recommended underfederal guidelines. once under federal guidelines. once considered the underfederal guidelines. once considered the most powerful person in the crypto industry, he is the second major crypto boss to be sentenced to prison. in march, sam bankman—fr
his rival, ceo of binance, changpeng zhao, has been given four months in jail. back in november, he was —— pleaded guilty to one count of violating the bank's secrecy act, resolving a multi— investigation by the us government into the well�*s largest cryptocurrency exchange, binance. as part of that agreement he also stepped down as ceo. the founder apologised to the court in seattle, saying his company had now put in place anti— money laundering controls. it was watched by his mother...
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May 1, 2024
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binance founder changpeng zhao was sentenced to four months in prison after pleading guilty to money laundering charges last november. the bbc�*s north america business correspondent michelle fleury has all the details. sam bankman—fried isn't the only poster boy for crypto wrongdoing facing a legal reckoning. his rivalformer ceo of binance changpeng zhao was ordered to spend four months in prison forfailures ordered to spend four months in prison for failures allowed cyber criminals and terrorists groups to trade on the world's largest crypto exchange. he pleaded guilty to one count of violating the bank secrecy act in november, and resulting in a multi—year investigation by the us government into the world's largest cryptocurrency exchange binance. as part of the agreement, he stepped down as ceo and apologised to the court in seattle saying his company had now put in place anti—money laundering controls and was watched by his mother and sister who were in court as he learned his fate. the sentence was considerably shorter than the three years prosecutors were demanding and
binance founder changpeng zhao was sentenced to four months in prison after pleading guilty to money laundering charges last november. the bbc�*s north america business correspondent michelle fleury has all the details. sam bankman—fried isn't the only poster boy for crypto wrongdoing facing a legal reckoning. his rivalformer ceo of binance changpeng zhao was ordered to spend four months in prison forfailures ordered to spend four months in prison for failures allowed cyber criminals and...
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his rival, ceo of binance, changpeng zhao, has been given four months in jail. back in november, he was —— pleaded guilty to one count
his rival, ceo of binance, changpeng zhao, has been given four months in jail. back in november, he was —— pleaded guilty to one count
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changpeng zhao pleaded guilty to money laundering charges last november. us districtjudge richard jones faulted the crypto kingpin for putting growth and profits before complying with the law. 0ur north america business correspondent michelle fleury has more from new york. sam backman fried is not the only poster boy for crypto wrongdoing facing a reckoning. his rival, the former ceo of finance was ordered to spend four months in prison for failures that allowed cyber criminals and terrorists groups to trade on the world's largest crypto currency exchange. back in november, mr zhao pleaded guilty to one count of violating the bank secrecy act resolving a multiyear investigation by the us government into the world's largest crypto currency exchange, finance. as part of that agreement he also stepped down as ceo. founder apologised to the court in seattle saying his company had now put in place anti— money laundering controls. he was watched by his mother and sister who were in court as he learned his fate. the sentence was considerably shorter than the th
changpeng zhao pleaded guilty to money laundering charges last november. us districtjudge richard jones faulted the crypto kingpin for putting growth and profits before complying with the law. 0ur north america business correspondent michelle fleury has more from new york. sam backman fried is not the only poster boy for crypto wrongdoing facing a reckoning. his rival, the former ceo of finance was ordered to spend four months in prison for failures that allowed cyber criminals and terrorists...