Cryptocurrency

Founder of Binance, world’s largest crypto firm, sentenced to four months

Changpeng Zhao pleaded guilty to violating US anti-money-laundering requirements

Binance founder Changpeng Zhao arrives at court in Seattle for his sentencing.
Binance founder Changpeng Zhao arrives at court in Seattle for his sentencing. Photo: deborah bloom/Reuters

SEATTLE — Billionaire Changpeng Zhao, founder of Binance, the world’s biggest crypto exchange, was sentenced 30 April to four months in prison, a lighter punishment than requested by prosecutors who hoped to send a message about crime in the industry.

“You had a responsibility to comply with US regulations. Not some but all,” US district judge Richard A. Jones said. “You failed at that opportunity.” 

WSJ Logo
Bank of New York Mellon Approached Northern Trust to Discuss Potential MergerExternal link

Bank of New York Mellon Approached Northern Trust to Discuss Potential Merger