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Crypto billionaire CZ jailed for 4 months
short by Rohas Nagpal / on Wednesday, 1 May, 2024
Changpeng Zhao (CZ), founder of crypto exchange Binance, has been sentenced to 4 months in jail after pleading guilty to violating US anti-money laundering & sanctions laws. CZ has a personal wealth of $43 billion and is the richest person in US history to be imprisoned. CZ also agreed to pay a $50 million fine.