Changpeng Zhao, the founder of world’s largest cryptocurrency exchange, Binance, has been sentenced to four months in prison on charges related to money laundering, a significant deviation from the three years sought by prosecutors.

The sentencing took place on Tuesday in a United States federal court in Seattle.

Zhao, known as CZ, faced charges not directly for money laundering, but for failing to establish an adequate anti-money laundering program at Binance. This case marks a pivotal moment in the U.S. government's crackdown on financial crimes within the cryptocurrency sector.

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