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     binance.com

     • Binance and its chief executive, Changpeng Zhao, pleaded guilty to criminal charges for anti-money laundering and violations of US sanctions under a sweeping deal with the US Department of Justice. The deal, which will allow the company to continue to operate, will also see Zhao step down as CEO. Binance will pay a $4.3 billion fine.
     Reference:

     Binance CEO Changpeng Zhao Quits, Pleads Guilty, and ... - WIRED

2. People also ask

   Why did Changpeng Zhao step down from Binance?

   • Changpeng Zhao agreed to plead guilty to money laundering charges and step down from Binance as part of a sweeping settlement with the Department of Justice and top regulators.

   Binance founder CZ pleads guilty to money laundering violations - NPR

   www.npr.org/2023/11/21/1214466415/binance-cz-changpeng-zhao-pleads-guilty-settlement-crypto-doj

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   Will Binance founder Zhao get a three-year prison term?

   • Zhao, the founder of Binance, the world’s largest cryptocurrency exchange, faces sentencing Tuesday, April 30, 2024, in Seattle, where U.S. prosecutors are asking a judge to give him a three-year prison term for allowing rampant money laundering on the platform. (Ken Lambert/The Seattle Times via AP, File)

   Binance founder Changpeng Zhao sentenced to 4 months for allowing …

   apnews.com/article/binance-crypto-money-laundering-sanctions-changpeng-zhao-cf81925ff9b4b65e27f80f906a6a63ae

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   Who is Changpeng Zhao?

   • Changpeng Zhao arrives at federal court in Seattle on Tuesday. Changpeng Zhao, the founder of the world’s leading cryptocurrency exchange, was sentenced on Tuesday to four months in prison after pleading guilty last year to charges that he failed to maintain an effective anti-money laundering program.

   Binance founder is sentenced to 4 months in prison on money ... - CNN

   www.cnn.com/2024/04/30/business/binance-founder-sentenced-money-laundering/index.html

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   Does Zhao still own Binance?

   • Through his ownership of Binance, Mr. Zhao also remains poised to benefit from the growth of the crypto industry, which has experienced a resurgence in recent months. “He still stands to continue profiting handsomely from the operations of that company,” Mr. Mosley said in court. Glenn Thrush contributed reporting from Washington.

   Binance Founder Sentenced to 4 Months in Prison

   www.nytimes.com/2024/04/30/technology/binance-founder-changpeng-zhao-sentenced.html

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   Will Binance's CEO get a three-year prison term for money laundering?

   • Prosecutors are asking a judge on Tuesday to give Zhao a three-year prison term for allowing rampant money laundering on the platform. He pleaded guilty and stepped down as Binance CEO in November as the company agreed to pay $4.3 billion to settle related allegations. (Ellen M. Banner /The Seattle Times via AP)

   Binance founder Changpeng Zhao sentenced to 4 months for allowing …

   apnews.com/article/binance-crypto-money-laundering-sanctions-changpeng-zhao-cf81925ff9b4b65e27f80f906a6a63ae

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   What happened to Binance's money laundering controls?

   • Much of Binance's misconduct, including its weak money laundering controls, was first reported by Reuters. Zhao will surrender voluntarily to serve his sentence, most likely at a detention center near Seattle-Tacoma International Airport. “Not prioritizing compliance is a few shades below criminal intent.

   Binance crypto founder Zhao sentenced to four months in prison

   www.reuters.com/legal/binances-ceo-zhao-faces-sentencing-over-money-laundering-violations-2024-04-30/

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3. www.cnn.com › 2024/04/30 › businessBinance founder is sentenced to 4 months in prison on money ...

   www.cnn.com › 2024/04/30 › business

   • Cached

   Changpeng Zhao, the founder of the world’s leading cryptocurrency exchange, was sentenced on Tuesday to four months in prison after pleading guilty last year to charges that he failed to...

4. www.bbc.com › news › technology-67492753Binance chief Changpeng Zhao pleads guilty to money ... - BBC

   www.bbc.com › news › technology-67492753

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   Nov 21, 2023 · The Justice Department said it was requiring Binance, the largest crypto-exchange in the world, to pay $4.3bn (£3.4bn) in penalties and forfeitures. It said Binance had helped users bypass ...

5. Videos

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     1:52

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     Binance CEO Changpeng Zhao Is Worth Over $100 Billion

     10 Jan 2022

     26.6K views

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     4:34

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     Binance chief Changpeng Zhao pleads guilty to money laundering charges - BBC New

     22 Nov 2023

     34.6K views

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     5:59

     youtube.com

     Binance founder Changpeng Zhao steps down as CEO, pleads guilty to U.S. charges

     22 Nov 2023

     23.2K views

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6. www.nytimes.com › 2024/04/30 › technologyBinance Founder Sentenced to 4 Months in Prison - The New ...

   www.nytimes.com › 2024/04/30 › technology

   Apr 30, 2024 · Changpeng Zhao, the billionaire founder of the giant cryptocurrency exchange Binance, was sentenced on Tuesday to four months in prison, a much lighter penalty than other crypto executives...

   • Author: David Yaffe-Bellany

7. www.wired.com › story › binance-cz-ceo-quits-pleadsBinance CEO Changpeng Zhao Quits, Pleads Guilty, and ... - WIRED

   www.wired.com › story › binance-cz-ceo-quits-pleads

   Nov 21, 2023 · Binance and its chief executive, Changpeng Zhao, pleaded guilty to criminal charges for anti-money laundering and violations of US sanctions under a sweeping deal with the US Department of...

8. www.reuters.com › legal › binances-ceo-zhao-facesBinance crypto founder Zhao sentenced to four months in prison

   www.reuters.com › legal › binances-ceo-zhao-faces

   Apr 30, 2024 · SEATTLE, April 30 (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. laws against...

   • Video Duration: 2 min

   • Author: Deborah Bloom,Jonathan Stempel

9. www.npr.org › 2023/11/21 › 1214466415Binance founder CZ pleads guilty to money laundering ... - NPR

   www.npr.org › 2023/11/21 › 1214466415

   Nov 21, 2023 · The founder and CEO of Binance, Changpeng Zhao, agreed to plead guilty to money laundering violations and to step down from the world's largest crypto exchange as part of a sweeping...

10. apnews.com › article › binance-crypto-moneyBinance founder Changpeng Zhao sentenced to 4 months for ...

    apnews.com › article › binance-crypto-money

    • Cached

    May 1, 2024 · Changpeng Zhao, the founder of Binance, the world’s largest cryptocurrency exchange, enters the Federal Courthouse in Seattle Tuesday, April 30, 2024. Prosecutors are asking a judge on Tuesday to give Zhao a three-year prison term for allowing rampant money laundering on the platform.