US DOJ Seeks Three-Year Jail Term for Former Binance CEO Zhao – Bloomberg

The US Department of Justice recommended a 36-month prison sentence for Changpeng Zhao, the former chief executive officer of Binance, the world’s largest crypto exchange.

The sentence “will not just send a message to Zhao but also to the world,” the DOJ wrote in a court filing on Tuesday, adding the price for violating US law “must be significant to effectively punish Zhao for his criminal acts and to deter others.”

Source: US DOJ Seeks Three-Year Jail Term for Former Binance CEO Zhao – Bloomberg