Apr 24, 2024, 2:14 PM
Apr 24, 2024, 12:00 AM

DOJ recommends 3-year prison sentence for former Binance CEO Changpeng Zhao

Highlights
  • US Department of Justice recommends a 36-month prison sentence and a $50 million fine for ex-Binance CEO Changpeng Zhao.
  • Zhao pleaded guilty to violating money laundering laws under the Bank Secrecy Act.
  • Prosecutors are seeking an above-guidance sentence to send a message regarding money laundering crimes.

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