Binance founder sentenced to four months in prison

Nigerian court adjourns separate money laundering case against the crypto exchange


Changpeng Zhao, the founder and former chief executive of Binance, the world’s largest crypto exchange, was sentenced to four months in prison on May 1.

Prosecutors said Binance had failed to report more than 100,000 suspicious transactions involving designated terrorist groups including Hamas, Al-Qaeda and Isis. They also claimed Binance facilitated the sale of child pornography and received ransomware proceeds.

The verdict marks the second time this year a head of a major global crypto exchange

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account