Binance founder sentenced to 4 months in prison
Changpeng Zhao, the billionaire founder of giant cryptocurrency exchange Binance, was sentenced Tuesday to four months in prison, a much lighter sentence than other industry executives have faced since the industry imploded in 2022.Zhao pleaded guilty last year to money laundering violations, acknowledging that his company allowed terrorist groups and other criminals to access its platform. Defense lawyers asked for probation without prison, while prosecutors asked for a three-year sentence, calling it an “unprecedented” crime.But Judge Richard A. Jones, who oversaw the case in U.S. District Court in Seattle, said in court Tuesday that Mr. Zhao has taken responsibility for his crimes and is unlikely to break the law again.“Your conduct does not justify a 36-month sentence,” Judge Jones sa...