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What former Binance CEO's money laundering conviction could mean for crypto crime

Podcast |: Soundside
Publisher |: KUOW
Media Type |: audio
Podknife tags |: News & Politics,; On The Radio,; Seattle,; Society & Culture
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.

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