The founder of the world's largest crypto exchange has been sentenced to four months in prison in the US for allowing criminals to launder money on his platform. Changpeng Zhao resigned from Binance in November and pleaded guilty to violating US money laundering laws. Binance was ordered to pay $4.3bn (£3.4bn) after a US investigation found it helped users bypass sanctions. Prosecutors had sought a three-year sentence for the former Binance boss. At a sentencing hearing on Tuesday in Seattle, Judge Richard Jones said Zhao put "Binance's growth and profits over compliance with US laws and regulations", according ... (full story)