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In a Memoir Draft, Changpeng Zhao of Binance Details the Talks Leading to His Prison Time
Changpeng Zhao, founder of Binance, has shared details from a draft memoir describing the secret negotiations that led to his imprisonment and an encounter with U.S. Immigration and Customs Enforcement. The account provides new insight into the behind-the-scenes discussions surrounding his landmark guilty plea and sentencing related to Binance's violations of U.S. anti-money laundering laws. Zhao served a prison sentence after Binance reached a major settlement with U.S. authorities in 2023.