daiwapowermeshfeeder| U.S. prosecutors seek to sentence Binance founder Zhao Changpeng to three years in prison

Financial Associated Press, April 24 (editor Xia Junxiong) the court documents released on Tuesday showDaiwapowermeshfeederUs prosecutors sought to sentence Zhao Changpeng, founder of Yuan'an, to 36 months in prison on charges of money laundering.

The US government accused Qian'an of violating anti-money laundering and punishment laws. According to the US Department of Justice, Zhao Changpeng and others violated the Bank Secrets Act by failing to implement an effective anti-money laundering plan, and deliberately violated US economic sanctions, including money laundering, bank fraud, violation of sanctions and so on.

In November, Zhao Changpeng reached a settlement with the US Department of Justice, agreeing to plead guilty to criminal and civil charges and resigning as CEO in exchange for continuing to operate in the US. As part of the plea deal, Yuan an pleaded guilty and agreed to pay a total fine of $4.3 billion, and Zhao Changpeng himself was fined $50 million.

According to federal sentencing guidelines, Zhao Changpeng's sentence should be between 12 and 18 months.

In a document submitted to the Western District Court in Washington, the United States prosecutor saidDaiwapowermeshfeederIn view of the seriousness and consequences of Zhao Changpeng's deliberate violation of US law, the 36-month sentence is reasonable. "

Zhao Changpeng is expected to be sentenced in Seattle on April 30 local time.

According to public data, Yuan an, founded in 2017, is a global cryptocurrency exchange that provides a trading platform for more than 100 cryptocurrencies.

At the end of 2021, against the backdrop of the surge in many cryptocurrencies such as Bitcoin, Zhao Changpeng became the richest man in China with a fortune of US $94.1 billion and became one of the top 10 richest people in the world.

Despite a sharp decline in wealth, Zhao Changpeng is still the 29th richest person in the world with a fortune of $42.6 billion, according to the Bloomberg Billionaires Index.

It is worth mentioning that at present, the richest Chinese in the world is Nvidia CEO Huang Renxun. Thanks to the AI boom, Nvidia's share price soared several times, and Huang Renxun's assets soared to $72.7 billion, making him the 20th richest person in the world.