**Binance Founder Changpeng Zhao Receives Prison Sentence for US Law Violations**
**Changpeng Zhao Remains Resilient in Crypto Investments Despite Sentencing**
Binance founder and former CEO Changpeng Zhao remains undeterred from investing in crypto despite receiving a prison sentence for US law violations at the world’s largest digital asset exchange. In a statement on social media platform X, Zhao thanked his supporters and outlined his plans following his sentencing on Tuesday.
“I would like to thank everyone for your care and support, be it writing letters, showing support on X, or in any other form. They all mean a lot to me and keep me strong. I will do my time, conclude this phase and focus on the next chapter of my life (education),” Zhao said.
Despite the legal challenges, Zhao maintains a positive stance on crypto and stated that he will continue to hold crypto assets. He emphasized the importance of compliance in the industry and expressed gratitude for the scrutiny that Binance has faced during this process.
In November, Zhao stepped down as CEO of Binance after pleading guilty to breaking U.S. anti-money laundering laws. His lawyers requested probation, but prosecutors pushed for a three-year prison sentence. U.S. District Judge Richard Jones ultimately sentenced Zhao to four months behind bars, citing his failure to follow regulations despite having the resources to do so.
Despite the setback, Zhao remains committed to the crypto industry and plans to continue as a passive investor. The news of his sentencing has sparked discussions about compliance and regulation in the digital asset space.
Investors are advised to do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency, or digital assets. The Daily Hodl does not provide investment advice and recommends caution in all financial transactions.
