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What former Binance CEO's money laundering conviction could mean for crypto crime
Podcast |
Soundside
Publisher |
KUOW
Media Type |
audio
Categories Via RSS |
Daily News
News
Publication Date |
May 02, 2024
Episode Duration |
00:14:32
This week a Seattle federal court sentenced Changpeng Zhao -- founder and former CEO of the world's largest cryptocurrency exchange, Binance -- to four months in prison. In contrast to the high-profile case of FTX CEO Sam Bankman-Fried, who used his crypto exchange to defraud billions of dollars from its users, Zhao pled guilty to not doing more to prevent money laundering on his exchange.

See omnystudio.com/listener for privacy information.

What former Binance CEO's money laundering conviction could mean for crypto crime
This week a Seattle federal court sentenced Changpeng Zhao -- founder and former CEO of the world's largest cryptocurrency exchange, Binance -- to four months in prison. In contrast to the high-profile case of FTX CEO Sam Bankman-Fried, who used his crypto exchange to defraud billions of dollars from its users, Zhao pled guilty to not doing more to prevent money laundering on his exchange.

See omnystudio.com/listener for privacy information.

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