US court sentences Binance founder to four months in prison — Bloomberg

Israel

A judge handed down a much lighter sentence than the three years sought by the prosecution, the agency reported NEW YORK, May 1. /TASS/. The founder and former director of the Binance cryptocurrency exchange, Changpeng Zhao, has been sentenced to four months in a US prison on charges of financial wrongdoing, Bloomberg reported. Changpeng Zhao attended the court hearing in Seattle. Judge Richard Jones handed down a much lighter sentence than the three years sought by the prosecution. Defense