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1. • • NEW YORK, Nov 21 (Reuters) - Binance chief Changpeng Zhao stepped down and pleaded guilty to breaking U.S. anti-money laundering laws as part of a $4.3 billion settlement resolving a years-long probe into the world's largest crypto exchange, prosecutors said on Tuesday.
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     Binance's Zhao pleads guilty, steps down to settle US illicit ...

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   Who is Changpeng Zhao?

   • Changpeng Zhao, the founder and former chief executive of the Binance cryptocurrency exchange, had pleaded guilty to a money-laundering violation. Changpeng Zhao, the founder of the Binance cryptocurrency exchange, walking into the federal courthouse in Seattle on Tuesday to face sentencing. Grant Hindsley for The New York Times

   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 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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   Did Binance fix anti-money laundering procedures?

   • Besides, Binance has taken action to fix their anti-money laundering procedures, they wrote. In the crypto world, Zhao has long been known as a cowboy with a reputation for flouting US laws.

   Binance founder Changpeng Zhao sentenced to four months in prison

   www.theverge.com/2024/4/30/24140638/binance-founder-changpeng-zhao-sentence-money-laundering

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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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   Did Binance's founder take responsibility for a money-laundering scandal?

   • U.S. District Judge Richard A. Jones credited the founder and former CEO of Binance for taking responsibility for his wrongdoing. Zhao, 47, pleaded guilty in November to one count of failing to maintain an anti-money-laundering program. Binance agreed to pay $4.3 billion to settle related allegations from the U.S. government.

   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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3. 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

4. www.reuters.com › markets › usBinance's Zhao pleads guilty, steps down to settle US illicit ...

   www.reuters.com › markets › us

   Nov 22, 2023 · NEW YORK, Nov 21 (Reuters) - Binance chief Changpeng Zhao stepped down and pleaded guilty to breaking U.S. anti-money laundering laws as part of a $4.3 billion settlement resolving a...

5. Videos

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

     22 Nov 2023

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     aljazeera.com

     Binance crypto exchange founder to step down amid US illicit finance probe

     21 Nov 2023

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     1:59

     reuters.com

     Binance's Zhao pleads guilty, steps down to settle US illicit finance probe

     21 Nov 2023

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

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

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   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...

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

   apnews.com › article › binance-crypto-money

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   May 1, 2024 · SEATTLE (AP) — Changpeng Zhao, founder of the world’s largest cryptocurrency exchange, was sentenced Tuesday to four months in prison for looking the other way as criminals used the platform to move money connected to child sex abuse, drug trafficking and terrorism.

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

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

   May 1, 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...

9. www.theverge.com › 2024/4/30 › 24140638Binance founder Changpeng Zhao sentenced to four months in ...

   www.theverge.com › 2024/4/30 › 24140638

   Apr 30, 2024 · Binance founder Changpeng Zhao was sentenced to four months in prison for failing to establish adequate anti-money laundering protections. Zhao, once the head of the largest crypto exchange in...

10. www.justice.gov › united-states-v-changpeng-zhaoCriminal Division | United States v. Changpeng Zhao | United ...

    www.justice.gov › united-states-v-changpeng-zhao

    • Cached

    Dec 11, 2023 · On November 21, 2023, Binance’s founder and Chief Executive Officer, Changpeng Zhao, pleaded guilty to violating the BSA by causing Binance to violate the BSA by causing Binance to fail to implement an effective anti-money laundering program.