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In the US, the former head of "Binance" was convicted of money laundering VIDEO

Changpeng Zhao pleaded guilty and will be in prison for four months

Май 1, 2024 05:24 106

In the US, the former head of "Binance" was convicted of money laundering VIDEO  - 1

The former head of the cryptocurrency platform "Binance" Changpeng Zhao was sentenced yesterday to four months in prison for money laundering by a court in San Francisco, reported France Presse, quoted by BTA.

The founder of "Binance" pleaded guilty to US justice last year and received a more favorable sentence than the three years in prison that prosecutors had sought.

According to the investigation of the American authorities "Bynes" did not take the necessary measures to prevent transactions carried out in favor of groups such as "Islamic State", "Al Qaeda" and the armed wing of the Palestinian Islamist movement "Hamas".

After pleading guilty, Zhao stepped down from his leadership position at Binance. at the end of last year, AFP recalls.

"Bynes" agreed to pay $4.3 billion to end legal proceedings against the company.