Binance founder released from custody after money laundering violation, fined $50 million

From Investing.com

September 27, 2024 8:26:39 pm:

Binance founder Changpeng Zhao was released from a California correctional facility, serving a four-month sentence for violating U.S. money laundering laws. Prosecutors accused Binance of facilitating criminal activity and failing to report suspicious transactions to terrorist groups. The exchange agreed to a $4.32 billion penalty with Zhao paying a $50 million fine.

Read more at Investing.com: Binance founder Zhao released from US custody, Bloomberg News reports By Reuters