Your current location:HOME >sport >Binance founder Changpeng Zhao faces sentencing; US seeks 3 正文
TIME:2024-05-21 12:35:16 Source: Internet compilationEdit:sport
SEATTLE (AP) — Changpeng Zhao, the founder of Binance, the world’s largest cryptocurrency exchange,
SEATTLE (AP) — Changpeng Zhao, the founder of Binance, the world’s largest cryptocurrency exchange, faces sentencing Tuesday in a Seattle courtroom, where U.S. prosecutors are asking a judge to give him a three-year prison term for allowing rampant money laundering on the platform.
Zhao pleaded guilty and stepped down as Binance CEO in November as the company agreed to pay $4.3 billion to settle related allegations. U.S. officials said Zhao deliberately looked the other way as illicit actors conducted transactions that supported child sex abuse, the illegal drug trade and terrorism.
“He made a business decision that violating U.S. law was the best way to attract users, build his company, and line his pockets,” the Justice Department wrote in a sentencing memorandum filed last week.
Zhao’s attorneys, insist he should receive no prison term at all, citing his willingness to come from the United Arab Emirates, where he and his family live, to the U.S. to plead guilty, despite the UAE’s lack of an extradition treaty with the U.S. No one has ever been sentenced to prison time for similar violations of the Bank Secrecy Act, they said.
Children are evacuated from school 'during an exam' after threat made via email2024-05-21 12:29
Bill disestablishing Māori Health Authority to go through Parliament under urgency today2024-05-21 12:00
Qanon: Conspiracy theories weaponised by Russia and China around US Capitol violence2024-05-21 11:23
Revealed: Hilariously scathing one2024-05-21 11:20
OpenAI pauses ChatGPT voice after Scarlett Johansson comparisons2024-05-21 10:44
One dead after Okaramio crash2024-05-21 10:40
Government unveils plan to fast2024-05-21 10:23
Morphine shortage across New Zealand impacting patients in palliative care, new stock months away2024-05-21 10:05
Red Lobster seeks bankruptcy protection after closing some restaurants2024-05-21 10:01
Human rights group urges countries to join diplomatic boycott of Beijing 2022 Winter Olympics2024-05-21 09:48
Biden says Brown v. Board of Education ruling was about more than education2024-05-21 11:56
Donald Trump immunity claim rejected by US court2024-05-21 11:40
Donald Trump immunity claim rejected by US court2024-05-21 11:21
National trying to wriggle out of promises with talk of 'fragile' economy2024-05-21 11:12
Six killed in a 'foiled coup' in Congo, the army says2024-05-21 11:06
What Is Gambling Addiction and How Widespread Is It in US? 2024-05-21 10:58
Stunning hotel room that boasts the 'best view in the world' has TWO2024-05-21 10:57
Oranga Tamariki IT overhaul leaves social workers without access to some information2024-05-21 10:48
What's next for Iran after death of its president in crash?2024-05-21 10:33
Gaza aid agency 'extremely desperate' after funding halted2024-05-21 10:04