Binance founder Changpeng Zhao should serve 36 months in prison after pleading guilty to violating laws against money laundering, U.S. prosecutors said.
Binance founder and former CEO Changpeng Zhao is expected to be sentenced on April 30 after pleading guilty to money laundering in November 2023.
Binance founder Zhao should serve 36 months in prison after pleading guilty to violating laws against money laundering, U.S. prosecutors“Given the magnitude of Zhao’s willful violation of U.S. law and its consequences, an above-guideline sentence of 36 months is warranted,” the prosecutors wrote in the filing to the U.S. district court for the Western District of Washington.
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