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Binance Founder Changpeng Zhao Should Spend Three Years in Prison, DOJ Says

Binance's founder and former chief executive, Changpeng "CZ" Zhao, should spend three years in prison for his role in enabling the crypto exchange to violate federal sanctions and money laundering laws, the U.S. Department of Justice said Tuesday night. The former CEO's attorneys argued he should serve no jail time, citing the fine he paid and his "extraordinary acceptance of responsibility."Attorneys with the DOJ filed a sentencing memo arguing he should spend 36 months in prison and pay a $50 ...

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