U.S. prosecutors have filed a sentencing memorandum recommending a 36-month prison sentence for the former CEO of cryptocurrency exchange Binance, Changpeng Zhao. The recommendation exceeds the suggested guideline range of 12 to 18 months, citing the gravity of Zhao’s alleged crimes. Prosecutors accuse Zhao of willful failure to implement anti-money laundering protocols and allowing Binance to process transactions involving unlawful activity, including those subject to sanctions. The sentencing hearing is scheduled for April 30th.