WASHINGTON - The former chief executive of Binance , the world's largest cryptocurrency exchange , could face years in prison when he is sentenced on Tuesday after his guilty plea to violating U.S. money-laundering laws.
Lawyers for Zhao requested probation, citing his "unflinching" acceptance of responsibility, and his having already paid a $50 million criminal fine. Several other crypto moguls are also in U.S. authorities' crosshairs, after the collapse of crypto prices in 2022 exposed fraud and misconduct across the industry.
Zhao has been free on a $175 million bond, and agreed notto appeal any sentence within federal guidelines. He also paid $50 million to the Commodity Futures Trading Commission. A Pasco County woman said more than a year after she was shot by her neighbor while standing on her own property, she’s waiting for restitution and justice. Jessica Orlando was hit with dozens of pieces of birdshot after her neighbor shot her with a shotgun. The suspect claims he was shooting at her dogs.
Source: Digital Coin News (digitalcoinnews.net)
Binance Federal Guidelines Prosecutors Cryptocurrency Exchange Sentencing Guidelines Chief Executive
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: KitcoNewsNOW - 🏆 13. / 78 Read more »
Source: BNNBloomberg - 🏆 83. / 50 Read more »
Source: YahooFinanceCA - 🏆 47. / 63 Read more »
Source: YahooFinanceCA - 🏆 47. / 63 Read more »
Source: BNNBloomberg - 🏆 83. / 50 Read more »
Source: SaltWire Network - 🏆 45. / 63 Read more »