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/ 2026-10-23 16:02:00Focus
Changpeng Zhao, the founder of Binance, has been sentenced to prison for violating US anti-money laundering laws.
Prosecutors asked for a 4-year sentence, citing the "massive" consequences of his actions, but the judge decided to sentence him to 4 months in prison.
Zhao pleaded guilty and asked not to serve prison time because, he says, of his excessive cooperation with investigators.
He has already agreed to a hefty fine of $4.3 billion and a personal penalty of $50 million.
The 4-month sentence marks a significant development in the cryptocurrency industry, potentially affecting Binance's operations and raising questions about the company's future.