April 30, 2024
Joel Khalili, Wired
A Binance Founder Changpeng Zhao Sentenced to 4 Months in Prison
A US judge has sentenced crypto kingpin Changpeng Zhao, also known as CZ, to four months in prison for breaking anti-money-laundering rules
“It’s an easy comparison, but an imperfect one,” says Daniel Silva, an attorney at law firm Buchalter and former US prosecutor. “CZ pleaded guilty to not following the law as required of a financial institution executive. SBF was different: He was improperly using customer funds, gained through fraudulent statements and material omissions of fact.”
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