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Changpeng Zhao, the former CEO of Binance, was sentenced to four months in prison for failing to implement adequate anti-money laundering measures at the cryptocurrency exchange, amidst allegations that Binance deliberately ignored U.S. laws. His sentencing follows a guilty plea in November, which was part of an agreement that also saw Binance pay $4.3 billion to settle related allegations. Following his sentencing, Zhao expressed gratitude to the crypto community for their support. This development has raised concerns about the future of regulatory measures in the cryptocurrency industry.
A Russian national pleaded guilty to a money laundering conspiracy related to his role in operating the cryptocurrency exchange BTC-e from 2011 to 2017
BTC-e Operator Pleads Guilty to Money Laundering Conspiracy. Exchange Moved Over $9B Worth of Transactions; Defendant Caused Criminal Losses in Excess of $100M https://t.co/XNIuk8dbnV
Russian national Alexander Vinnik, one of the operators of crypto exchange BTC-e from 2011 to 2017, pleads guilty to conspiracy to commit money laundering (@nikhileshde / CoinDesk) https://t.co/slxh79craA 📫 Subscribe: https://t.co/OyWeKSRpIM https://t.co/WLTj1Na13K
