Binance founder faces sentencing for allowing money laundering on crypto exchange

Binance founder Changpeng Zhao faces sentencing for allowing rampant money laundering on the platform (Ken Lambert/The Seattle Times via AP)

Gene Johnson

Changpeng Zhao, the founder of Binance, the world’s largest cryptocurrency exchange, is facing sentencing in a Seattle courtroom on Tuesday.

US prosecutors are asking a judge to give him a three-year prison term for allowing rampant money laundering on the platform.