Federal prosecutors are recommending a 36-month prison sentence for the former CEO of cryptocurrency exchange Binance, Changpeng Zhao. They argue that his actions in failing to prevent money laundering warrant a sentence higher than the suggested 12-18 months. Zhao stepped down as CEO in 2023 following allegations of misconduct. The U.S. government has accused both Zhao and Binance of violating anti-money laundering laws and sanctions.
