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The founder and former CEO of crypto exchange Binance, Changpeng Zhao (CZ), was sentenced to 4 months in prison after a hearing in a Seattle court. The sentence follows Zhao's pleading guilty to violating know-your-client and anti-money laundering requirements at his exchange in November. Binance has already agreed to pay a $4 billion fine, and CZ paid a $50 million fine as part of a plea deal last year.

The founder and former CEO of crypto exchange Binance, Changpeng Zhao (CZ), was sentenced to 4 months in prison after a hearing in a Seattle court. The sentence follows Zhao's pleading guilty to violating know-your-client and anti-money laundering requirements at his exchange in November. Binance has already agreed to pay a $4 billion fine, and CZ paid a $50 million fine as part of a plea deal last year.

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