Changpeng Zhao, the billionaire founder of cryptocurrency exchange Binance, has been sentenced to four months in prison in the United States of America.
Zhao was sentenced by Seattle-based U.S. District Judge, Richard Jones, on Tuesday, April 30, following his guilty plea to anti-money laundering law vi%lations.
It was also much lighter than the 25 years behind bars that Sam Bankman-Fried received in March for stealing $8 billion from customers of his now-bankrupt FTX exchange. Bankman-Fried is appealing his conviction and sentence.
