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Former Binance CEO Changpeng Zhao Sentenced to Jail for Facilitating Money Laundering on World’s Largest Crypto Exchange

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April 30, 2024
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The former head of the world’s largest cryptocurrency exchange, Binance, has been sentenced to four months in prison for allowing money laundering. Changpeng Zhao, also known as CZ, pleaded guilty to violating US anti-money laundering laws, which are meant to prevent financing of terrorist activities and funds going to sanctioned countries. Zhao, who was once considered the most powerful person in…

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