A federal judge sentenced former Binance CEO Changpeng Zhao to four months in prison for violating U.S. money laundering laws. did. At an April 30 hearing in the U.S. District Court for the Western District of Washington, Judge Richard Jones sentenced Zhao to four months in prison. Prosecutors are recommending a three-year prison term for Binance's former CEO for failing to maintain an effective anti-money laundering (AML) program while working for the cryptocurrency exchange, with him serving 11 years in prison. He pleaded guilty in May. CZ's lawyer asked for a suspended sentence.