At an April 30 hearing in the Western District Court of Washington, Judge Richard Jones sentenced Zhao to four months in prison, although prosecutors had recommended that the former Binance CEO be given three years for failing to maintain an effective anti-money laundering fight.
Judge Jones explained that there was no evidence that Zhao was “ever aware” of Binance's specific illegal activities, so he opposed prosecutors' request to increase the sentence from 18 months to three years.
Judge Jones explained that there was no evidence that Zhao was “ever aware” of Binance's specific illegal activities, so he opposed prosecutors' request to increase the sentence from 18 months to three years.