Binance founder to serve 4 months in prison

The Binance founder Changpeng Zao has been sentenced to four months of prison time by a Seattle court on March 30. The court ruling was a result of a multi-year effort on the part of the US Department of Justice (DOJ), the Commodity Futures Trading Commision (CFTC) and the Treasury Department to put a dampener on Binance’s business model that apparently was engineered to achieve growth at all costs.

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