Shocking Allegations in the Crypto World: Is Binance Facing a Ban? Founder Faces 3 Years in Prison...

Binance Founder Zhao Battling Money Laundering ChargesChangpeng Zhao, the founder and former CEO of Binance, the world's largest cryptocurrency exchan...

Binance Founder Zhao Battling Money Laundering Charges

Changpeng Zhao, the founder and former CEO of Binance, the world's largest cryptocurrency exchange, is facing charges of money laundering in the United States. Prosecutors are seeking a 3-year prison sentence for Zhao due to the crimes he has admitted.

Prosecutors Demand Harsher Punishment

Prosecutors argue that Zhao committed "deliberate violations" and should receive a prison term of 3 years, double the length stipulated by the law, which would have been 18 months, due to his involvement in money laundering activities.

What are the Charges Against Binance's Founder Zhao?

According to prosecutors, the following charges are directed at Binance:

Binance did not report more than 100,000 suspicious transactions linked to groups such as Hamas, Al-Qaeda, and ISIS. They facilitated the sale of materials related to sexual exploitation of children through their platform. They received a significant portion of profits from ransomware.

What Lies Ahead for Zhao?

Zhao's legal proceedings are still underway, and it will be up to the court to decide whether to grant the requested sentence. The future of Zhao hangs in the balance as the judicial process unfolds.

Potential Impact on the Crypto Sector

The implications of Zhao's case have reverberated throughout the cryptocurrency industry. Any decision against Binance could potentially cripple the cryptocurrency exchange.

25 Nis 2024 - 13:50 - Business

Son bir ayda litsuit.com sitesinde 4.028 gösterim gerçekleşti.


göndermek için kutuyu işaretleyin

Yorum yazarak Litsuit Topluluk Kuralları’nı kabul etmiş bulunuyor ve yorumunuzla ilgili doğrudan veya dolaylı tüm sorumluluğu tek başınıza üstleniyorsunuz. Yazılan yorumlardan Litsuit hiçbir şekilde sorumlu tutulamaz.

Haber ajansları tarafından servis edilen tüm haberler Litsuit editörlerinin hiçbir editöryel müdahalesi olmadan, ajans kanallarından geldiği şekliyle yayınlanmaktadır. Sitemize ajanslar üzerinden aktarılan haberlerin hukuki muhatabı Litsuit değil haberi geçen ajanstır.


World Brands

Litsuit, İstanbul ile özdeşleşen markaları ağırlıyor.

+90 (532) 765 24 01
Reklam bilgi