Binance founder Changpeng Zhao sentenced to 4 months in prison

Binance (BNB-USD) Founder and former CEO Changpeng "CZ" Zhao has been sentenced to four months in prison on Tuesday after pleading guilty to money laundering charges. The crypto exchange has paid $4.3 billion in fines as part of Zhao's plea deal with authorities.
Zhao's sentencing comes over a month since FTX's own Sam Bankman-Fried was sentenced to 25 years after defrauding his platform's investors and customers.
#crypto #bitcoin #youtube #news
About Yahoo Finance:

Yahoo Finance provides free stock ticker data, up-to-date news, portfolio management resources, comprehensive market data, advanced tools, and more information to help you manage your financial life.

- Get the latest news and data at finance.yahoo.com

- Download the Yahoo Finance app on Apple (https://apple.co/3Rten0R) or Android (https://bit.ly/3t8UnXO)

- Follow Yahoo Finance on social:

X: http://twitter.com/YahooFinance
Instagram: https://www.instagram.com/yahoofinance/?hl=en
TikTok: https://www.tiktok.com/@yahoofinance?lang=en
Facebook: https://www.facebook.com/yahoofinance/
LinkedIn: https://www.linkedin.com/company/yahoo-finance