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  • The Independent

    Binance founder Changpeng Zhao faces sentencing; US seeks 3-year term for allowing money laundering

    by Gene Johnson Apr 30, 2024 2 minutes
    Source: ASSOCIATED PRESS

    Changpeng Zhao, the founder of Binance, the world's largest cryptocurrency exchange, faces sentencing Tuesday in a Seattle courtroom, where U.S. prosecutors are asking a judge to give him a three-year prison term for allowing rampant money laundering on the platform.

    Zhao pleaded guilty and stepped down as Binance CEO in

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