• CONTACT
  • BLOG

CryptoSwami.com

  • BOOKMARKS
  • Blog
    BlogShow More
    top dao investment
    Top 8 Investment DAOs
    October 2, 2024
    best AI tools
    25 Killer AI Tools
    September 8, 2024
    what is avalanche
    What is Avalanche (AVAX)?
    July 25, 2024
    Best Cryptocurrency to Buy Now
    Best Cryptocurrency to Buy Now
    May 9, 2024
    crypto presales
    Crypto Presales: How to Identify Legit One
    May 7, 2024
  • News
    NewsShow More
    Binance Lists Toncoin (TON) for Spot Trading, TON Soars 15%
    August 8, 2024
    Bearish Bitcoin Patterns Continue
    The US government’s $4 million bitcoin dump sparks market speculation: bullish or bearish?
    July 23, 2024
    Binance Introduces Fresh Look for WOTD Game, BNB Token Rallies
    Binance Introduces Fresh Look for WOTD Game, BNB Token Rallies
    May 23, 2024
    NOT Price Tumbles by 51.03%
    The Notcoin (NOT) price tumbled by 51.03% after Binance Halt trading.
    May 16, 2024
    PEPE Price Rallys 90% as Gamestop Saga Returns 
    PEPE Price Rallys 90% as Gamestop Saga Returns 
    May 15, 2024
  • Tips
    TipsShow More
    top dao investment
    Top 8 Investment DAOs
    October 2, 2024
    crypto presales
    Crypto Presales: How to Identify Legit One
    May 7, 2024
    crypto mining pools
    10 Best Crypto Mining Pools
    April 14, 2024
    Bitcoin Halving 2024: Countdown, Dates, and Impact
    February 14, 2024
    Cryptocurrency Glossary
    February 9, 2024
  • Buy&Sell
    Buy&SellShow More
    Best Cryptocurrency to Buy Now
    Best Cryptocurrency to Buy Now
    May 9, 2024
    9 best platforms to buy bitcoin in canada
    9 Best Platforms to Buy Bitcoin in Canada
    April 23, 2024
    How to Buy Bitcoin
    How to Buy Bitcoin: A Step-by-Step Guide
    April 20, 2024
    Where can I buy bitcoin in Nigeria?
    April 16, 2024
    buy Bitcoin with bank account transfer
    Buy Bitcoin With Bank Account Transfer On 14 Best Platforms
    April 7, 2024
  • Exchange
    ExchangeShow More
    9 best platforms to buy bitcoin in canada
    9 Best Platforms to Buy Bitcoin in Canada
    April 23, 2024
    buy Bitcoin with bank account transfer
    Buy Bitcoin With Bank Account Transfer On 14 Best Platforms
    April 7, 2024
    Cryptocurrency Trading Apps
    10 Best Cryptocurrency Trading Apps for Mobile.
    April 2, 2024
    how to buy dogecoin on etoro
    How To Buy Dogecoin On eToro In 5 Simple Steps
    February 3, 2024
    Buy Bitcoin With PayPal In 10 Minutes
    November 13, 2022
  • EarnCrypto
    EarnCryptoShow More
    crypto mining pools
    10 Best Crypto Mining Pools
    April 14, 2024
    what is crypto arbitrage trading
    What is Crypto Arbitrage Trading? How to make money
    March 30, 2024
    what is yield farming
    What is Yield Farming: How to earn passive Income?
    March 29, 2024
    earn cryptocurrency
    22 Effective Ways To Earn Cryptocurrency Online
    April 20, 2023
    best crypto staking
    Crypto Staking: 10 Best Platforms to Earn
    June 26, 2021
  • Coin
    CoinShow More
    Binance Lists Toncoin (TON) for Spot Trading, TON Soars 15%
    August 8, 2024
    How to Buy Bitcoin
    How to Buy Bitcoin: A Step-by-Step Guide
    April 20, 2024
    buy eth, buy ethereum
    Where To Buy Ethereum| Invest in ETH Like a Pro
    April 6, 2024
    BCH wallet
    BCH Wallet: 10 Best Bitcoin Cash Wallets App
    April 5, 2024
    buy matic polygon coin
    Buy Matic Coin In 2024: A Comprehensive Guide
    February 20, 2024
  • Review
    ReviewShow More
    what is avalanche
    What is Avalanche (AVAX)?
    July 25, 2024
    Kraken Review – A Uncovered Review
    March 29, 2023
    bitbns review
    BitBNS Review: Unveiling the Pros and Cons
    September 1, 2022
    huobi globall review
    Huobi Global Review – Is Huobi Global Worth Using?
    January 1, 2022
    coinswitch review
    CoinSwitch Review: Is CoinSwitch Safe to Use?
    November 10, 2020
  • PaymentMethod
    PaymentMethodShow More
    buy Bitcoin with bank account transfer
    Buy Bitcoin With Bank Account Transfer On 14 Best Platforms
    April 7, 2024
    buy bitcoin with UPI transfer
    How To Buy Bitcoin With UPI Transfer?
    March 17, 2024
    buy bitcoin on cash app
    How To Buy Bitcoin On Cash App
    February 19, 2024
    buy bitcoin on venmo
    Buy Bitcoin on Venmo in 4 Simple and Secure Steps
    February 8, 2024
    Buy Bitcoin With PayPal In 10 Minutes
    November 13, 2022
  • Wallet
    WalletShow More
    BCH wallet
    BCH Wallet: 10 Best Bitcoin Cash Wallets App
    April 5, 2024
    Best Ethereum Wallets
    Top 10 Ethereum Wallets for Seamless Crypto Management
    April 3, 2024
    Anonymous Crypto Wallet
    Your 15 Best Anonymous Crypto Wallets
    April 2, 2024
    Cryptocurrency Trading Apps
    10 Best Cryptocurrency Trading Apps for Mobile.
    April 2, 2024
    buy bitcoin on cash app
    How To Buy Bitcoin On Cash App
    February 19, 2024
  • TradingChart
    TradingChartShow More
    cryptocurrency trading indicators
    What is a trading indicators? 8 advice why use and why not.
    March 25, 2024
    3 Reason Moving Average Indicator Can Make Money For Free
    April 29, 2023
    Stochastic Oscillator- How to Happily Make Your First $100
    April 29, 2023
    Bollinger Bands – A Beginner’s Guide to Understanding .
    April 28, 2023
  • Policy
  • Jobs
Reading: Binance Founder CZ to Serve Four Months in Prison
Share
CryptoSwami.comCryptoSwami.com
Font ResizerAa
Search
  • Blog
  • News
  • Tips
  • Buy&Sell
  • Exchange
  • EarnCrypto
  • Coin
  • Review
  • PaymentMethod
  • Wallet
  • TradingChart
  • Policy
  • Jobs
© CryptoSwami.com 2020-2024.

Home - News - Binance Founder CZ to Serve Four Months in Prison

News

Binance Founder CZ to Serve Four Months in Prison

Jesse David
Last updated: May 1, 2024 8:36 PM
Jesse David Published May 1, 2024
Share
Binance Founder CZ to Serve Four Months in Prison

Binance Founder Agrees to AML and KYC Accusation.

Zhao was accused in November of his part in Binance violating the Bank Secrecy Act by failing AML and KYC standards, eventually stepping down as CEO, and concluding a $4.3 billion settlement with US law enforcement. 

Despite facing four months in a US federal prison, the sentence is much shorter than the US Department of Justice’s (DOJ) request of 36 months. 

Before dismissing the lengthy proposal, Judge Richard Jones informed the Seattle hearing that there was “no evidence that the defendant was ever informed” of any criminal behavior within Binance. 

Jones stated, “The court finds the defendant has accepted responsibility. Everything I see about you and your characteristics is mitigating.” 

When the allegations against the world’s largest crypto exchange platform were announced in November, Zhao rushed to Seattle to present himself and admit to violating the Bank Secrecy Act. He was eventually released with a $175 million bond.  

The typical prison sentence for breaking the Bank Secrecy Act is ten years. Zhao drastically lowered this, thanks to his guilty plea and assistance with the inquiry.  

You Might Also Like

Lumi Wallet Review: Is it safe to use?

Decentralized Exchanges 8 Things You Must Know

Altcoin Trading: 5 Best Site To Trade Any Altcoin

Where can I buy bitcoin in Nigeria?

Buy ADA: How to Buy Cardano in a Single Click?

TAGGED:BINANCEexchangesecurity

Sign Up For Daily Newsletter

Be keep up! Get the latest breaking news delivered straight to your inbox.
By signing up, you agree to our Terms of Use and acknowledge the data practices in our Privacy Policy. You may unsubscribe at any time.
Share This Article
Facebook Twitter Email Copy Link Print
By Jesse David
Exploring crypto's twists and turns. Writing, analyzing, and decoding the world of digital currencies. 🚀
Previous Article tron Tron Founder Justin Sun Endorses Shiba Inu, Dogecoin, FLOKI & Other Meme Coins
Next Article New Memecoin $ROCKY Hits $20M Valuation Amid Crypto Backlash New Memecoin $ROCKY Hits $20M Valuation Amid Crypto Backlash
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Follow US

Find US on Socials
FacebookLike
TwitterFollow
InstagramFollow
YoutubeSubscribe
TelegramFollow
LinkedInFollow
ThreadsFollow
Subscribe to our newslettern

Get Newest Articles Instantly!

Popular News
bitcoin forums
Bitcoin Forum: 30+ Crypto Forum To Start Debate
5 Best Crypto Derivative Trading Exchanges
dogecoin wallet
Buy Dogecoin: A Simple Guide

Follow Us on Socials

We use social media to react to breaking news, update supporters and share information

Twitter Facebook Instagram Youtube Linkedin Threads Telegram Tumblr
cryptoswami.com cryptoswami.com

Welcome to CryptoSwami.com. Your trusted guide for easy-to-understand information on cryptocurrencies. Navigate the world of digital assets effortlessly with our user-friendly resources.

Subscribe to our newsletter

You can be the first to find out the latest news and tips about trading, markets...

  • Disclaimer
  • Contact Us
  • Privacy Policy
  • Term and Condition
Reading: Binance Founder CZ to Serve Four Months in Prison
Share
© CryptoSwami.com 2020-2024.
Welcome Back!

Sign in to your account