Binance Founder Zhao Changpeng in Legal Trouble: Facing Prison Term and Massive Fine
Thursday, 25 April 2024, 02:28
Binance Founder Facing Legal Challenges
US prosecutors have targeted Zhao Changpeng, known as the founder of Binance, with a potential 3-year prison term and a US$50 million fine. This development follows investigations into anti-money-laundering breaches that led to Zhao stepping down as Binance's chief executive officer in November. The regulatory scrutiny underscores the growing importance of compliance and transparency in the cryptocurrency sector.
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