Binance founder and former CEO Changpeng ‘CZ’ Zhao was sentenced to four months in prison for money laundering on April 30, 2024 after pleading guilty. The cryptocurrency exchange also paid $4.3 billion in fines as part of his plea agreement with the authorities. Yahoo Finance Host Julie Hyman gave further details on April 30, 2024.
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That’s basically a slap on the wrist he got lucky
Lol haha
A proxy of CCP.
But crypto executives and founders are not really interested in establishing effective, comprehensive anti-money laundering barriers on their trading platforms. They are more interested in circumventing the existing barriers that have been set-up by regulators.
The Nigerian 🇳🇬 government also has a huge dispute with Binance executives at this time over Naira currency violations and related issues.
XRP army🏛️🏛️🏛️🏦🏦😂😂
This is exactly why we didn’t need big banks and the government getting involved in crypto.
Everyone uses binance for money laundering 😊