Prosecutors seek three years in prison for Zhao, highlighting gravity of offences and need for compliance with the law in the cryptocurrency space.
Binance, under Zhao's leadership, failed to report suspicious transactions involving terrorist groups, with Zhao deliberately violating US law to grow the business.
Despite admitting to breaching the Bank Secrecy Act, Zhao's fortune remains intact, with a net worth of $41.6 billion making him the 29th richest person globally.
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