In 2023, Zhao pleaded guilty to failing to implement proper anti-money-laundering practices at Binance and resigned as CEO
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Binance founder “CZ” seeks pardon from President Trump after 4-month stint in prison
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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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