Binance founder Changpeng Zhao received a four-month prison sentence for violating US anti-money laundering laws, becoming the world's richest imprisoned individual with a $43 billion net worth.
Despite stepping down as CEO last year, Zhao's influence remains strong with a 90% stake in Binance. His sentence, imposed by US District Judge Richard Jones, was lighter than expected, contrasting with Sam Bankman-Fried's 25-year term for FTX exchange fraud.
US Attorney Tessa Gorman hailed the outcome, emphasizing the significance of Zhao's incarceration in a long-standing investigation.