Binance founder Changpeng Zhao shares prison anecdotes and investment queries from guards

Binance founder Changpeng Zhao, recently released from a California prison, shared that guards asked him for cryptocurrency investment advice during his confinement. He explained he had no internet access and could not discuss crypto. Zhao's four-month prison sentence followed his guilty plea to U.S. money laundering charges. Prosecutors claimed Binance failed to monitor suspicious transactions linked to terrorist groups and other illegal activities, resulting in a $4.32 billion penalty for the exchange. Zhao described prison life, noting that many inmates were serving long sentences for minor offenses. He characterized them as "very nice people," highlighting a contrast between their demeanor and the severity of their sentences.