Binance founder Changpeng “CZ” Zhao was sentenced to four months in prison on Tuesday after pleading guilty to money laundering violations last year.

CZ “had the personnel, resources, and wherewithal to comply with U.S. regulations,” U.S. District Judge Richard Jones said in a Seattle courtroom while delivering Zhao’s sentence. “But failed at that opportunity.”

CZ Gets Four-Month Sentence

The ex-B...