Changpeng Zhao, the founder and ex-CEO of crypto exchange giant Binance, has been sentenced to four months in prison after pleading guilty to charges in a Seattle federal court that the trading platform violated US anti-money laundering requirements.

Binance will also pay a $4.3 billion fine in federal court, part of which will go toward settling a lawsuit the Commodity Futures and Trading Commission launched against the exchange in March 2023.