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As per CNBC Reviews, Binance Ex-CEO Changpeng Zhao has been imprisoned in Lompoc, California. The News used to be confirmed by his defense workers at Latham & Watkins.
In April, the US federal court in Seattle sentenced Changpeng Zhao to four months after he pleaded guilty to violating cash laundering regulations. The aged CEO of Binance purchased a sentence critically shorter than the three years federal prosecutors had requested. The defense had sought a five-month probationary duration, while the instantaneous prison sentence ranged between 12 and 18 months.
Additionally, Zhao and Binance agreed to pay the US Commodity Futures Shopping and selling Price a $4.3 billion and a $50 million penalty.
