What former Binance CEO's money laundering conviction could mean for crypto crime

Soundside
02/05/2024 14 min
What former Binance CEO's money laundering conviction could mean for crypto crime

Listen "What former Binance CEO's money laundering conviction could mean for crypto crime"

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Episode Synopsis

This week a Seattle federal court sentenced Changpeng Zhao -- founder and former CEO of the world's largest cryptocurrency exchange, Binance -- to four months in prison. In contrast to the high-profile case of FTX CEO Sam Bankman-Fried, who used his crypto exchange to defraud billions of dollars from its users, Zhao pled guilty to not doing more to prevent money laundering on his exchange.See omnystudio.com/listener for privacy information.

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