![Ellen M. Banner Changpeng Zhao, the founder of Binance, the world’s largest cryptocurrency exchange, enters the Federal Courthouse in Seattle Tuesday, April 30, 2024. Prosecutors are asking a judge on Tuesday to give Zhao a three-year prison term for allowing rampant money laundering on the platform. He pleaded guilty and stepped down as Binance CEO in November as the company agreed to pay $4.3 billion to settle related allegations. (Ellen M. Banner /The Seattle Times via AP)](https://mapi.associatedpress.com/v2/items/e4967e86c5aa400abe57186020bd7d49/preview/preview.jpg?s=680x)
Changpeng Zhao, the founder of Binance, the world’s largest cryptocurrency exchange, enters the Federal Courthouse in Seattle Tuesday, April 30, 2024. Prosecutors are asking a judge on Tuesday to give Zhao a three-year prison term for allowing rampant money laundering on the platform. He pleaded guilty and stepped down as Binance CEO in November as the company agreed to pay $4.3 billion to settle related allegations. (Ellen M. Banner /The Seattle Times via AP)
![Ellen M. Banner Changpeng Zhao, the founder of Binance, the world’s largest cryptocurrency exchange, enters the Federal Courthouse in Seattle Tuesday, April 30, 2024. Prosecutors are asking a judge on Tuesday to give Zhao a three-year prison term for allowing rampant money laundering on the platform. He pleaded guilty and stepped down as Binance CEO in November as the company agreed to pay $4.3 billion to settle related allegations. (Ellen M. Banner /The Seattle Times via AP)](https://mapi.associatedpress.com/v2/items/f0a1d9f8b6064e428ef3a8978754f357/preview/preview.jpg?s=680x)
Changpeng Zhao, the founder of Binance, the world’s largest cryptocurrency exchange, enters the Federal Courthouse in Seattle Tuesday, April 30, 2024. Prosecutors are asking a judge on Tuesday to give Zhao a three-year prison term for allowing rampant money laundering on the platform. He pleaded guilty and stepped down as Binance CEO in November as the company agreed to pay $4.3 billion to settle related allegations. (Ellen M. Banner /The Seattle Times via AP)
![Ken Lambert FILE - Binance founder and CEO Changpeng Zhao, right, leaves federal court in Seattle on Nov. 21, 2023, after pleading guilty to violations of U.S. anti-money laundering laws. Zhao, the founder of Binance, the world's largest cryptocurrency exchange, faces sentencing Tuesday, April 30, 2024, in Seattle, where U.S. prosecutors are asking a judge to give him a three-year prison term for allowing rampant money laundering on the platform. (Ken Lambert/The Seattle Times via AP, File)](https://mapi.associatedpress.com/v2/items/f7913625c0ac47ef8836b3243ea8b54c/preview/preview.jpg?s=680x)
FILE - Binance founder and CEO Changpeng Zhao, right, leaves federal court in Seattle on Nov. 21, 2023, after pleading guilty to violations of U.S. anti-money laundering laws. Zhao, the founder of Binance, the world's largest cryptocurrency exchange, faces sentencing Tuesday, April 30, 2024, in Seattle, where U.S. prosecutors are asking a judge to give him a three-year prison term for allowing rampant money laundering on the platform. (Ken Lambert/The Seattle Times via AP, File)
![Ellen M. Banner Changpeng Zhao, the founder of Binance, the world’s largest cryptocurrency exchange, enters the Federal Courthouse in Seattle Tuesday, April 30, 2024. Prosecutors are asking a judge on Tuesday to give Zhao a three-year prison term for allowing rampant money laundering on the platform. He pleaded guilty and stepped down as Binance CEO in November as the company agreed to pay $4.3 billion to settle related allegations. (Ellen M. Banner /The Seattle Times via AP)](https://mapi.associatedpress.com/v2/items/0e292b4390e441f4a61a56c747f18c90/preview/preview.jpg?s=680x)
Changpeng Zhao, the founder of Binance, the world’s largest cryptocurrency exchange, enters the Federal Courthouse in Seattle Tuesday, April 30, 2024. Prosecutors are asking a judge on Tuesday to give Zhao a three-year prison term for allowing rampant money laundering on the platform. He pleaded guilty and stepped down as Binance CEO in November as the company agreed to pay $4.3 billion to settle related allegations. (Ellen M. Banner /The Seattle Times via AP)
![Ellen M. Banner Changpeng Zhao, the founder of Binance, the world’s largest cryptocurrency exchange, enters the Federal Courthouse in Seattle Tuesday, April 30, 2024. Prosecutors are asking a judge on Tuesday to give Zhao a three-year prison term for allowing rampant money laundering on the platform. He pleaded guilty and stepped down as Binance CEO in November as the company agreed to pay $4.3 billion to settle related allegations. (Ellen M. Banner /The Seattle Times via AP)](https://mapi.associatedpress.com/v2/items/1f81616222ee49c7b4a14a524b9a7eed/preview/preview.jpg?s=680x)
Changpeng Zhao, the founder of Binance, the world’s largest cryptocurrency exchange, enters the Federal Courthouse in Seattle Tuesday, April 30, 2024. Prosecutors are asking a judge on Tuesday to give Zhao a three-year prison term for allowing rampant money laundering on the platform. He pleaded guilty and stepped down as Binance CEO in November as the company agreed to pay $4.3 billion to settle related allegations. (Ellen M. Banner /The Seattle Times via AP)