Changpeng Zhao, founder of Binance, has been sentenced to four months in prison for enabling money laundering.

The sentence was lighter than expected, influenced by Zhao's philanthropic efforts, status as a first-time offender, and his role as a family man.

Despite the conviction, Zhao's wealth is still significant, with an estimated net worth of $33 billion according to the Bloomberg Billionaires Index.

Zhao has expressed intentions to create an online education platform following his legal issues.

Binance continues to operate as the world's largest trading platform for cryptocurrencies like Bitcoin.