Binance founder and former chief Changpeng Zhao, who pleaded guilty to violating U.S. law by failing to implement a program to prevent money laundering, arrives for his sentencing in federal district court in Seattle, Washington, U.S. April 30, 2024. REUTERS/Deborah Bloom
SEATTLE (Reuters) -Changpeng Zhao, the former chief executive of Binance, was sentenced on Tuesday to four months in prison after pleading guilty to violating U.S. money-laundering laws at the world's largest cryptocurrency exchange.
The sentence was imposed by U.S. District Judge Richard Jones in Seattle, who rejected prosecutors' request that the 47-year-old Zhao serve a three-year term.
