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Market
Investor confidence in Binance by end of 2024
5
Resolution / Starting Odds
Confidence increases • 33%
Confidence remains the same • 33%
Confidence decreases • 34%
Investor surveys, financial news reports, and market analysis
Story
Binance Founder Zhao Gets 4 Months in Seattle Court After Plea Deal
Apr 30, 2024, 07:10 PM
Changpeng Zhao, the founder of Binance, the world's largest cryptocurrency exchange, was sentenced to four months in prison for money laundering violations by Judge Richard Jones in a federal court in Seattle. Despite the prosecution's request for a three-year sentence, the judge decided on a significantly shorter term following Zhao's plea deal. Zhao had previously pleaded guilty and agreed to pay a $50 million fine. This case marks a significant legal conclusion for Zhao, who has faced extensive legal scrutiny over the operations of Binance.
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