Zhao was sentenced to four months in prison in April, five months after he pleaded guilty to violating the Bank Secrecy Act by failing to set up an adequate know-your-customer (KYC) program at Binance. As part of his guilty plea, Zhao also agreed to pay a $50 million fine and step down as CEO of the crypto exchange.
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Cheyenne Ligon
https://www.coindesk.com/policy/2024/09/16/cz-set-to-be-released-from-prison-on-september-29/?utm_medium=referral&utm_source=rss&utm_campaign=headlines
2024-09-16 18:55:21
