Changpeng Zhao, founder of Binance, sentenced to four months for permitting money laundering

News Snapshot:

The creator and former CEO of Binance was commended by US District Judge Richard A. Jones for accepting responsibility for his misconduct. In November, Zhao, 47, entered a guilty plea to a single charge of neglecting to uphold an anti-money-laundering initiative read more Changpeng Zhao, founder of the world’s largest cryptocurrency exchange, was sentenced Tuesday to four months in prison for looking the other way as criminals used the platform to move money connected to child sex abuse, drug trafficking and terrorism. US District Judge Richard A. Jones credited the founder and former CEO of Binance for taking responsibility for...