Changpeng Zhao, founder of Binance, has become the world's richest prisoner after being sentenced to four months in jail for violating US anti-money laundering and sanctions laws. Despite prosecutors seeking a three-year term, a Seattle court considered Zhao's positive past behavior. Zhao, who has a net worth of approximately $33 billion through his 90% ownership of Binance, stepped down as CEO last year as part of a settlement with US authorities. Binance also agreed to pay $4.3 billion to resolve the charges. The sentencing follows Zhao's guilty plea and comes amid broader regulatory scrutiny in the cryptocurrency sector. This development follows the recent 25-year sentence of FTX's Sam Bankman-Fried for fraud.
World
151 words · 50 secGiant Mountain Section Collapses Into Nepal’s Kaligandaki River After Heavy Rain
Heavy rainfall triggered a massive landslide in Nepal, causing a large section of a mountain to collapse into the Kaligandaki River. The debris partially blocked the river’s flow, raising concerns about possible flash f…
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