Home Cryptocurrency Binance Founder Changpeng Zhao Should Spend 3 Years in Prison, DOJ Says

Binance Founder Changpeng Zhao Should Spend 3 Years in Prison, DOJ Says

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“In part because Zhao failed to implement an effective AML program at Binance, illicit actors used Binance’s exchange in various ways, including operating mixing services that hid the source and ownership of cryptocurrency; transacting in illicit proceeds from ransomware attacks; and moving proceeds of darknet market transactions, exchange hacks, and various internet-related scams,” the filing said, pointing to fund movements from darknet markets and crypto mixers.

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