Changpeng Zhao, the founder and former chief executive of the Binance cryptocurrency exchange, has been sentenced to four months in jail after he pleaded guilty…

Changpeng Zhao, the founder and former chief executive of the Binance cryptocurrency exchange, has been sentenced to four months in jail after he pleaded guilty to a money-laundering violation.

He was sentenced in U.S District Court in Seattle, as all the efforts of his lawyers to put him on probation without any prison time crashed.

Judge Richard A. Jones, who oversaw the case, said “Your conduct does not warrant a 36-month sentence.”

He called Mr. Zhao “a dedicated family man and a giving person” and praised his “staggering accomplishment” in building Binance.

Mr. Zhao, 47, in a brief remark to the court said “I failed here,” “I deeply regret my failure, and I’m sorry.”

David Yaffe-Bellany’s report from the court on April 30, 2024 stated that “Mr. Zhao pleaded guilty to only a single criminal count.”

Meanwhile, Nigeria awaits the extradition of Nadeem Anjarwalla, the Africa regional manager for Binance.

Recall that on March 22, 2024, Anjarwalla, Binance’s regional manager and his colleague Tigran Gambaryan, escaped from a guest house in Abuja, he reportedly fled Nigeria with a passport from the East African country. He was led by the guards to a nearby mosque for prayers in the spirit of the Ramadan fast.

Vice president of the Interpol (Africa) executive committee, Garba Umar has assured that he will be extradited.

https://dailytrust.com/binance-founder-sent-to-jail-as-nigeria-awaits-extradition-of-africa-manager/

And dollar is still #1520/$ in mallam hands

Ghen gehn ghen ghen

will serve there and come here and serve again? Oppression

A regional manager is not liable. This is why the extradition will never work.

If Nigerian government has anything against Binance, they should hold the CE0/founder responsible.

It is the foolish mindset of arresting a close relative because the police could not locate the suspect that have beclouded the reasoning of EFCC, FIRS and others pursuing this case. This mindset won't work in other countries.

jmoore:
A regional manager is not liable. This is why the extradition will never work.

If Nigerian government has anything against Binance, they should hold the CE0/founder responsible.

It is the foolish mindset of arresting a close relative because the police could not locate the suspect that have beclouded the reasoning of EFCC, FIRS and others pursuing this case.

usa no go gree,them too no gree send the super cop

Toh

jmoore:
A regional manager is not liable. This is why the extradition will never work.

If Nigerian government has anything against Binance, they should hold the CE0/founder responsible.

It is the foolish mindset of arresting a close relative because the police could not locate the suspect that have beclouded the reasoning of EFCC, FIRS and others pursuing this case. This mindset won't work in other countries.

The sudden lovers of Binance

helinues:

The sudden lovers of Binance

Babablu lover of jagajaga operation.

Una go wait. Dollar 💵 price go still increase

That comment you’re looking for use your hand and type it.

Hmmm

Old news. CZ was jailed in the US. He wasn't jailed because the US authorities 'felt' that Binance affects the fx rate of the dollar to other currencies. The US is not like the useless APC government that blames others for their errors.

No need for any useless propaganda. The fx rate is blind to propaganda.

Good

Now that he has been sentenced, I'm waiting to see who/what the FG will pin the recent currency fluctuation on.

Nigeria don sink

Even in a thousand years, it shall amount to nothing good.

Because the people are more concerned about bragging rights.

helinues:
Toh

Nothing reasonable to say or contribute. Just meaningless "toh" everytime.

Gbe enu soun and stopping quoting rubbish rate

vanbonattel:
And dollar is still #1520/$ in mallam hands

After floating the naira (which is a good thing, because not floating it mostly favours abokís and BDC) , we blame binance for taking advantage of it?

FG just no get sense

Let him come and serve his sentence in Nigeria. Kudos to EFCC they are really working.

Yimu.....I sold GBP this morning at N1,765 per pound, e still dey climb dey go.

Just four months?

Old news

How much is dollar again?

According to Tinubu loyalists Naira is falling because of Binance and crypto currency.

Economist isionu full every where Tinubu our astute first class is no longer available to show us his economic prowess.

Who's the clown twisting this

Ok, next topic

Pleaded guilty of money laundering.Greed dey this Binance of a thing True true.

Even on live TV programs u will see someone that claim well versed in cryptocurrency that u expect to fully convince you the working mechanisms of crypto and service they render to earn them that money, almost all I have had opportunity to ask or watch talk have not in a way convince anyone what services they render to earn them that big money reason most people say crypto money is greed related.just in February Bloomberg covered a US judge awarding 4.2billion dollar fine against Binance in a plea bargain they had with the court

vanbonattel:
And dollar is still #1520/$ in mallam hands

Blame game is the password of APC

Twenty-five years awaits him at kirikiri sweet dreams maximum home, I'll surely bring beans with original ijebu garri to him.

But the truth is

Tinubu is worse than clueless

treatise:

Blame game is the password of APC

While propaganda act as their emergency number.

He was sentenced on 30th April.

4 days later the news is making front-page on NL.

Do you see why I keep saying that Tinubu's government is hellbent on using propaganda to rule Nigeria?

I predicted that Tinubu is going to win 2023 election because of PDP division.

I can tell you that Tinubu will lose woefully if election is conducted today. He's such an abysmal failure.

Propaganda does not develop a nation. International investors and market makers are monitoring everything this government is doing and everything Tinubu government is doing is keeping investors away from Nigeria.

Even Nigerians are scared of investing in Nigeria because of the untold hardship Tinubu's government has put the masses in.