Binance founder Changpeng Zhao, convicted of breaching US anti-money laundering laws, received a four-month prison term, making him the wealthiest individual to face incarceration in the country. Despite prosecutors seeking a three-year sentence, Judge Richard Jones issued a considerably lighter ruling, citing lack of evidence linking Zhao directly to criminal activities facilitated by Binance. The sentencing marks the culmination of a protracted legal battle surrounding the world's leading cryptocurrency exchange, which reportedly processed over $800 million in illicit transactions between 2018 and 2022, including unauthorized dealings with Iranian residents.#BTC #bitcoin #Memecoins #BullorBear #BinanceLaunchpool