Changpeng Zhao, the founder of Binance, the world's leading cryptocurrency exchange, has been sentenced to four months in prison after pleading guilty to money-laundering charges. The sentence was handed down in a US federal court in Seattle, which is lighter than the three years prosecutors had sought.
Prior to the sentencing, Zhao, also known as CZ, apologized for his mistakes as the CEO of Binance, which he founded in 2017. He expressed deep regret for his actions and assured that such incidents would not occur again.
