_binance-founder-sentenced-to-4-months-in-prison-for-money-laundering-charges.jpg "Binance Founder Sentenced to 4 Months in Prison for Money Laundering Charges from musa bin masher Video Screenshot Preview")
GalleryPlay Video:
(Note: The default playback of the video is HD VERSION. If your browser is buffering the video slowly, please play the REGULAR MP4 VERSION or Open The Video below for better experience. Thank you!)
⏲ Duration: 0:37
👁 View: 775K times
✓ Published: 02-May-2024
👁 View: 775K times
✓ Published: 02-May-2024
Description:
Changpeng Zhao, the founder of cryptocurrency exchange Binance, was sentenced to 4 months in prison for money laundering charges. He pleaded guilty last year after Binance paid over $4 billion in fines and penalties for anti-money laundering violations and other charges. Zhao apologized and said it would not happen again. US authorities previously said Binance allowed criminal transactions like child abuse and terrorism financing. Binance lacked protocols to identify or report money-laundering transactions, and an internal communication revealed employees knew this oversight attracted criminals.
Changpeng Zhao, the founder of cryptocurrency exchange Binance, was sentenced to 4 months in prison for money laundering charges. He pleaded guilty last year after Binance paid over $4 billion in fines and penalties for anti-money laundering violations and other charges. Zhao apologized and said it would not happen again. US authorities previously said Binance allowed criminal transactions like child abuse and terrorism financing. Binance lacked protocols to identify or report money-laundering transactions, and an internal communication revealed employees knew this oversight attracted criminals.
Share with your friends:
Whatsapp | Viber | Telegram | Line | SMS
Email | Twitter | Reddit | Tumblr | Pinterest
Related Videos
_surah-02-al-baqarah-sheikh-mishary-rashid-alafasy.webp "Al Quran")
_masha-and-the-bear-summer-holidays.webp "Masha and The Bear")
_this-restaurant-chains-texas-sized-family-meal-can-feed-a-family-of-4-for-just-3640-with-leftovers-to-spare.webp "It comes with a dozen dinner rolls with sweet cinnamon butter, grilled chicken breasts, mashed potatoes and gravy, green beans, plus a 'party tray size' salad.")
⏲ 0:42 👁 21.1M
_surah-yaseen-sheikh-mishary-rashid-alafasy.webp "Al Quran")
_surah-02-al-baqarah-sheikh-mishary-rashid-alafasy.jpg)
_masha-and-the-bear-summer-holidays.jpg)
_this-restaurant-chains-texas-sized-family-meal-can-feed-a-family-of-4-for-just-3640-with-leftovers-to-spare.jpg)
_surah-yaseen-sheikh-mishary-rashid-alafasy.jpg)
![[+]](/images/menu.gif){kind=small}