U.S. Prosecutors Push for 3-Year Sentence for Ex-Binance CEO Changpeng Zhao

U.S. Prosecutors Push for 3-Year Sentence for Ex-Binance CEO Changpeng Zhao

Binance founder Changpeng Zhao faces a potential sentencing of 36 months in prison, as U.S. prosecutors seek a heavier penalty over allegations of facilitating money laundering.
Zhao’s defense challenges prosecutors’ claims, proposing probation instead of imprisonment, his sentencing, scheduled for April 30, awaits the court’s decision.
As Binance founder Changpeng Zhao awaits his sentencing by the end of April, U.S. prosecutors are seeking 36 months of prison over charges of allowing money laundering through his crypto platform.

The memorandum, submitted to the court for the western district of Washington, further argues that Zhao deserves a more severe sentence than what is recommended under advisory guidelines to “underscore the seriousness of his offenses.” According to these guidelines, Zhao’s sentence could fall within the range of 12 to 18 months in prison.
The U.S. prosecutors said:
A custodial sentence of 36 months—twice the high end of the Guidelines range—wo

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