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  • Blockchain Timeline

Binance former CEO Changpeng Zhao is sentenced to 4 months in prison

The US government sought a sentence of three years for Binance founder Changpeng "CZ" Zhao for violating US banking laws to which he pleaded guilty in November 2023.

Judge Richard Jones of the U.S District Court for the Western District of Washington said he did not agree with a sentencing of three years and said Zhao was never informed of illegal activity, according to the courtroom reporting from CoinDesk.

CZ was ordered to spend 4 months in prison for failures that allowed cybercriminals and terrorist groups to freely trade on the world’s largest cryptocurrency exchange.


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