15
May
In a surprising turn of events, Changpeng Zhao (CZ), the founder and former CEO of the world's largest cryptocurrency exchange Binance, has been sentenced to four months in prison by a Seattle court. This news has sent shockwaves through the cryptocurrency community and raises questions about the future of Binance. Guilty Plea and Underlying Charges The details surrounding the charges against CZ remain somewhat limited. However, we do know that CZ pleaded guilty in November 2023 to violations related to anti-money laundering (AML) regulations. These violations likely involved Binance's failure to implement adequate safeguards against money laundering activities on its…