Binance founder Changpeng Zhao, commonly known as CZ, has received a four-month jail sentence for anti-money laundering violations involving a $35m case. His cooperation and acceptance of responsibility during the trial were pivotal in securing a relatively lenient sentence. Following his sentencing, CZ expressed his intention to remain a passive investor in the crypto industry and thanked his supporters on X for their support. In related developments, Binance CEO Richard Teng has been vocal about the detention of Binance executives in Nigeria, describing it as setting a dangerous precedent for global businesses and calling for the release of his colleague Tigran Gambaryan amid an ongoing Interpol manhunt.