Binance CEO Changpeng Zhao was imprisoned for violating the United States law against money laundering at his crypto exchange. With his imprisonment, Changpeng Zhao became the 'World's Richest Prisoner Ever' boasting a wealth of $33 billion with his ownership in Binance, according to the report by NDTV. The report said 47-year-old Changpeng Zhao pleaded guilty to violating the US anti-money laundering law. The report said that Binance agreed to pay $4.3 billion to settle the charges against him. However, the persecutors had requested the judges to impose three years in prison for such a crime that could result in probation. Wipro’s Newly Appointed CEO Srini Pallia Gets Attractive Annual Compensation Package; Know How Much He Would Receive From Tech Company.
BREAKING: Binance founder Changpeng Zhao sentenced to 4 months in prison.
He is set to be the richest US inmate ever. pic.twitter.com/9ET9kbIW44
— Morning Brew ☕️ (@MorningBrew) April 30, 2024
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