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Cryptocurrency giant Binance's founder, Changpeng Zhao, faces legal scrutiny for alleged money laundering violations. Reports indicate that DOJ has recommended a three-year prison sentence for Zhao, but recent verdicts suggest a possible four-month term. This development rocks the crypto world, underscoring the need for tighter regulations in the volatile digital asset market.

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Risk warning: Digital asset trading is an emerging industry with bright prospects, but it also comes with huge risks as it is a new market. The risk is especially high in leveraged trading since leverage magnifies profits and amplifies risks at the same time. Please make sure you have a thorough understanding of the industry, the leveraged trading models, and the rules of trading before opening a position. Additionally, we strongly recommend that you identify your risk tolerance and only accept the risks you are willing to take. All trading involves risks, so you must be cautious when entering the market.

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