LIVE📢"US seeks 3 years prison for Binance founder Changpeng Zhao"😱😱😱😱😱
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🔥In New York on April 24, U.S. prosecutors are seeking a three-year prison term for Changpeng Zhao, the creator and former head of Binance, the globe's biggest digital currency platform, following his admission of guilt for breaking anti-money laundering statutes. The prosecutors submitted their plea on Tuesday evening in a federal court in Seattle, contending that imposing a sentence twice the suggested maximum of 18 months would demonstrate the seriousness of his intentional infractions and convey the notion that abiding by the law is always the correct decision.
🔥Lawyers representing Zhao have requested probation for him. U.S. District Judge Richard Jones is anticipated to render Zhao's sentence on April 30. At one time, Zhao held significant influence in the cryptocurrency industry. However, at the age of 47, he resigned as Binance's CEO in November. This decision coincided with his and the exchange's acknowledgment of evading anti-money laundering obligations under the Bank Secrecy Act. Binance consented to a $4.32 billion criminal fine. According to prosecutors, Binance operated under a "Wild West" approach that attracted illicit actors and failed to report over 100,000 suspicious transactions involving designated terrorist organizations such as Hamas, al Qaeda, and the State of Iraq and Syria (ISIS).
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