Binance—Binance founder Changpeng Zhao sentenced to prison
Changpeng Zhao (CZ), founder and former CEO of Binance, was sentenced to four months in federal prison for failing to maintain an effective anti-money laundering program.
Scoring Impact
| Topic | Direction | Relevance | Contribution |
|---|---|---|---|
| Antitrust & Competition | -against | primary | -1.00 |
| Overall incident score = | -0.443 | ||
Score = avg(topic contributions) × significance (high ×1.5) × confidence (0.59)× agency (negligent ×0.5)
Evidence (1 signal)
Confirms Legal Action Apr 30, 2024 verified
Changpeng Zhao sentenced to four months in federal prison
Binance founder Changpeng Zhao was sentenced to four months in federal prison for failing to maintain an effective anti-money laundering program at Binance.