US seeks 36 months' jail for Binance founder Zhao
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The founder of Binance, the world's largest cryptocurrency exchange, is facing a potential 36-month prison sentence after pleading guilty to money laundering charges. US prosecutors argue that the severity of the violations warrants an above-guidelines sentence. Binance admitted to failing to report suspicious transactions and supporting the sale of illegal materials. The founder has already stepped down from his position and agreed to pay a penalty of $4.32 billion.
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