SEATTLE, WASHINGTON - NOVEMBER 21: Binance CEO Changpeng Zhao leaves the U.S. District Court on November 21, 2023 in Seattle, Washington. Zhao pleaded guilty to a money-laundering charge. (Photo by David Ryder/Getty Images)
The U.S. prosecutor is seeking a three-year prison sentence for Binance founder Changpeng Zhao, with the court hearing scheduled for April 30. Zhao has agreed to pay a $50 million fine.

This development is part of a broader legal agreement where Binance paid a fine of $4.3 billion to the U.S. Department of Justice.

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