The Dubai-based businessman spent four months in a US prison for
money-laundering
Changpeng Zhao, founder and chief executive officer of Binance. Photo: Reuters
Binance founder Changpeng Zhao has used almost €60m worth of cryptocurrency to invest in three of his Dublin-based firms, according to company filings.
Binance, a cryptocurrency exchange, has eight companies registered in Ireland. Mr Zhao was released from prison last year after being sentenced to four months when he pleaded guilty to violating US anti-money laundering laws at Binance, which is the world’s largest cryptocurrency exchange.
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