Prosecutors

Binance Founder Should Get Three Years in Prison, Prosecutors Say

trl8 months ago08 mins

Changpeng Zhao, the founder of the giant cryptocurrency exchange Binance, should go to prison for three years after breaking the law “on an unprecedented scale” and pleading guilty to a money laundering violation, federal prosecutors wrote in a court filing on Wednesday. Defense lawyers countered in their own memo that Mr. Zhao, 47, should receive…

Prosecutors Say Sam Bankman-Fried Should Get 40 to 50 Years in Jail

trl9 months ago06 mins

Federal prosecutors said on Friday that Sam Bankman-Fried, the disgraced cryptocurrency mogul, should receive a prison sentence of 40 to 50 years for his conviction on fraud charges. The prosecutors outlined the sentencing recommendation in a filing in U.S. District Court in Manhattan. Mr. Bankman-Fried’s sentencing hearing is scheduled for March 28, during which Judge…

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Rasif Islam

Binance Founder Should Get Three Years in Prison, Prosecutors Say

Prosecutors Say Sam Bankman-Fried Should Get 40 to 50 Years in Jail

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