Changpeng Zhao (CZ) pleaded guilty in 2023 to failing to implement anti-money laundering (AML) practices at Binance under the Bank Secrecy Act (BSA) and was sentenced to four months in prison

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November 21, 2023

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As a result of the suit, Zhao was sentenced to four months in prison, which he served from April to September last year
In 2023, Zhao pleaded guilty to failing to implement proper anti-money-laundering practices at Binance and resigned as CEO

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11/21/2023
Week 47 of 2023