LIVE๐จ Breaking News Alert: ๐จ
The U.S. recommends a 36-month prison term and a hefty $50 million fine for Changpeng Zhao, former CEO of Binance. ๐ฑ Department of Justice sources reveal Zhao's sentencing date is April 30th, with prosecutors pushing for a harsher penalty due to his admission of violating anti-money laundering laws. โ๏ธ Despite stepping down, Zhao's oversight of Binance's AML procedures draws scrutiny, with allegations linking the exchange to unlawful activities and evasion of U.S. sanctions, culminating in a $4.3 billion settlement in February. ๐ Even amid the legal storm, Zhao remains a prominent figure in crypto, notably initiating a children's educational program. ๐ Stay tuned for more updates! #BreakingCryptoNews