Changpeng Zhao four-month prison sentence lighter than expected

Prosecutors initially sought to charge the former Binance executive with 36 months.

Changpeng Zhao, the former CEO of crypto exchange Binance, has been sentenced to four months in prison.  

Ahead of his sentencing on April 30, Changpeng Zhao, the former CEO of Binance, made a heartfelt plea for forgiveness and a second chance.

In a letter submitted to the court on April 24, Zhao expressed profound regret for his actions, acknowledging his “poor decisions” and accepting full responsibility. He wrote:

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