U.S. prosecutors have stated that they believe Zhao’s crimes warrant a significant prison sentence. They have argued that his actions were a deliberate attempt to rapidly grow Binance’s operations and secure its status as the top cryptocurrency exchange.
Despite being released on a $175 million bond in the U.S., Zhao’s sentencing hearing is still set to take place on Apr. 30.
The senior Binance U.S. executive has pleaded not guilty to money laundering charges before a Nigerian Federal High Court in the country’s capital. The government […]
On April 30, Zhao appeared in court for sentencing. Department of Justice (DOJ) prosecutors wanted him to spend three years behind bars, but his defense […]
Binance has issued a warning to its clients regarding the trading bot services offered for specific trading pairs. The exchange has advised users to discontinue […]