Binance CEO Changpeng Zhao was imprisoned for violating the United States law against money laundering at his crypto exchange. With his imprisonment, Changpeng Zhao became the 'World's Richest Prisoner Ever' boasting a wealth of $33 billion with his ownership in Binance, according to the report by NDTV. The report said 47-year-old Changpeng Zhao pleaded guilty to violating the US anti-money laundering law. The report said that Binance agreed to pay $4.3 billion to settle the charges against him. However, the persecutors had requested the judges to impose three years in prison for such a crime that could result in probation. Wipro’s Newly Appointed CEO Srini Pallia Gets Attractive Annual Compensation Package; Know How Much He Would Receive From Tech Company.

(SocialLY brings you all the latest breaking news, fact checks and information from social media world, including Twitter (X), Instagram and Youtube. The above post contains publicly available embedded media, directly from the user's social media account and the views appearing in the social media post do not reflect the opinions of LatestLY.)