U.S. Seeks three Years Jail for Binance Founder Zhao

    a three-year jail sentence for the
    founder of the world’s largest crypto
    exchange binance was originally based in
    China but later moved overseas CH pinou
    pleaded guilty to breaking us anti-money
    laundering requirements last year the
    company also agreed to pay a hefty fine
    over $4
    billion jaia originally faced up to 18
    months in prison but the justice
    department said he deserves 3 years
    because of the scope of his crime
    prosecutors said much of binance’s
    success has to do with violating US law
    and that xiao’s decision not to put an
    effective anti-money laundering program
    in place leted the company to allow
    transactions for users in Iran
    authorities said the sentence will not
    just send a message to Dao but also to
    the world his sentencing is scheduled
    for late April

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    14 Comments

    1. Lock him Up.. Shame on DOJ for letting this Criminal off the Hook..Money Laundering . Surely there is 2 justice system for Rich & Poor 😡

    2. You should trust me, China companies link to China government, if they want you are richer, you will be rich, if not 😊, like Jack ma, 10cent is same, but when billionaire Chinese lecture western people billionaire, bla…bla…,( Jack Ma), I laugh at them 😊

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