Binance Founder Zhao Changpeng Faces Three-Year Prison Sentence for Money Laundering Violations

US prosecutors are seeking a three-year prison sentence for Binance founder and former CEO Zhao Changpeng after his guilty plea to money laundering charges. Prosecutors argue that Zhao’s violations were willful and severe, while his lawyers request probation. The sentencing hearing is scheduled for April 30th, and Binance has already agreed to a $4.32 billion criminal penalty.

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