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Binance Founder Changpeng 'CZ' Zhao Sentenced to 4 Months in Prison After Pleading Guilty to Money Laundering Violations

The founder of Binance received a relatively light sentence for his crypto crimes, and he's already planning out his future projects.

“Better to ask for forgiveness than permission,” reads the opening line of the prosecution’s court filing last week, quoting Zhao’s alleged statement to Binance employees about complying with U.S. laws. In November 2023, Binance reached an agreement with the United States Department of Justice acknowledging the company’s “responsibility for historical, criminal compliance violations” in a statement. A concept paper for Giggle Academy reveals it aims to gamify education by “making learning addictive.” The project describes itself as a completely online, zero-revenue platform, which hopes to provide access to underprivileged kids in developing countries.

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