In a legal saga gripping the cryptocurrency world, Binance founder Changpeng Zhao finds himself at the center of a contentious battle with US prosecutors. Accused of flouting anti-money laundering laws and facilitating suspicious transactions, Zhao’s future hangs in the balance as the specter of a 36-month prison sentence looms large.
The allegations stem from a court filing on Tuesday, April 23, where US prosecutors didn’t mince words, contending that Zhao deliberately skirted US laws to fuel the growth of his company, Binance.·
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