
International
Binance crypto founder Zhao sentenced to four months in prison
Changpeng Zhao, the former chief executive of Binance, was sentenced on Tuesday to four months in prison after pleading guilty to violating U.S. laws against money laundering at the world’s largest cryptocurrency exchange.
Zhao, who went by the nickname CZ, has also satisfied the requirement of him to pay $50 million in fines, U.S. District Judge Richard Jones said in court Tuesday.
The judge also won’t impose five months of probation as was recommended by the probation officer, Mail Online reports.
The 47-year-old admitted to violating the Bank Secrecy Act by willfully failing to set up an effective anti-money laundering system at Binance, the cryptocurrency exchange he founded and ran as CEO from July 2017 to November 2023.
Binance also pleaded guilty to similar charges from the US Department of Justice in November 2023 and was forced to pay $4.3 billion in fines and restitution for failing to register as a money transmitting business, Forbes reported.
U.S. prosecutors had urged the court to sentence Zhao to three years in prison after he pleaded guilty to violating laws against money laundering.

They argued that sentencing Zhao to twice the maximum 18 months recommended under federal guidelines would reflect the magnitude of his willful violations, and send a message that would deter others.
A U.S. district court had in March ordered that Zhao must surrender his Canadian passport and notify the court before travelling within the country.
This came after U.S. District Judge, Honorable Richard A. Jones restricted his bond conditions.
The court ordered the businessman to surrender all valid and expired passports, and the documents were to be transferred to someone to be hired by his lawyers who would accompany the Binance founder on all trips where a passport might be needed.
He must also notify the relevant authorities of his movements.
In the case between the U.S. and Zhao as the defendant, the court ruling of March 11, 2024, obtained by SaharaReporters, is as follows: “Defendant must remain in the continental United States through the imposition of sentence.
“Defendant must notify Pretrial Services before any travel within the continental United States.
“Defendant must surrender his current Canadian passport to a third-party custodian employed and supervised by his counsel of record.
“The third-party custodian must retain control over that Canadian passport and must accompany Defendant on any travel that requires identification documents.
“Defendant must surrender all other current and expired passports and travel documents to his counsel of record, who may return those documents to defendant only with authorization from Pretrial Services or the Court.
“Defendant may not apply for or obtain a new passport or travel document from any country without the Court’s permission.”
In November 2023, Zhao pleaded guilty to criminal charges and violating the Bank Secrecy Act. He subsequently agreed to pay a fine and stepped down as the company’s CEO.
Zhao was released on bail of $175 million.
This was part of a $4.3 billion settlement with the Department of Justice, according to court documents.
The plea arrangement with the government followed years of investigation into the dealings of the world’s largest cryptocurrency exchange.
In December, Judge Jones barred Zhao from leaving the U.S. pending a verdict in his case.
In February, the Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, said $26 billion passed through Binance Nigeria from unknown sources and users in one year.
The allegation came amid the free fall of the naira and clampdown on Bureaux de Change by President Bola Tinubu’s administration in an attempt to steady the rapid decline of Nigeria’s currency, naira.
Cardoso said the government was “concerned that certain practices go on that indicate illicit flows going through a number of these entities, and suspicious flows at best”.
The Nigerian government later arrested two Binance executives for alleged money laundering – Tigran Gambaryan, a U.S. citizen and Binance’s head of financial crime compliance, and Nadeem Anjarwalla, a British-Kenyan who is African regional manager for the cryptocurrency trading firm.
Anjarwalla later escaped from detention and fled to Kenya. Meanwhile, their trial has commenced in a Federal High Court in Abuja.
International
Iran threatens retaliation, says US strikes violated ceasefire
Iran’s foreign ministry on Tuesday accused the United States of violating a fragile ceasefire during the past 48 hours in the southern coastal province of Hormozgan, without specifying the incident.
The accusation comes after US Central Command said its forces had on Monday attacked missile sites and boats in southern Iran that were trying to lay mines in the Gulf, while Iran’s Revolutionary Guards said it fired at US aircraft trying to enter its airspace.
“The US terrorist army, continuing its illegal and unjustified actions since the ceasefire… has, in the past 48 hours, committed a gross violation of the ceasefire in the Hormozgan region,” the Iranian foreign ministry said in a statement.
It added that Tehran “will not leave any evil unanswered and will not hesitate to defend the Iranian nation,” without elaborating.
Tuesday’s statement came as a top Iranian delegation was in Qatar for talks as part of a “diplomatic process” aimed at ending the war with the United States, which broke out on February 28
International
Dozens of lranian fighters killed, as US resumes strike in Strait of Hormuz, targets IRGC Naval Boats in the Gulf
U.S. fighter jets have reportedly struck IRGC naval boats in the Gulf after Iranian forces allegedly targeted a vessel near Bandar Abbas.
U.S. Central Command confirms “self-defense strikes” were carried out against Iranian boats and missile sites near the Strait of Hormuz amid rising tensions in the region.

It was stated that the numbers of dead has increased from 9 to 15, with dozens still missing while others remain injured.
According to emerging reports, the strikes targeted IRGC maritime assets and defensive positions during what rapidly escalated into a major military confrontation in the region. Rescue and emergency operations are said to be ongoing as authorities continue searching for missing personnel.
Iranian and regional media report heavy explosions and gunfire near Bandar Abbas, while negotiations between Washington and Tehran continue in Qatar.

The situation is still developing, and some battlefield claims remain independently unverified.
International
Suspect killed after firing shots near White House security checkpoint in US, Secret Service says
A man who opened fire Saturday near a White House security checkpoint is dead after being shot by officers who returned fire, the U.S. Secret Service said. It was the third incidence of gunfire in the vicinity of President Donald Trump in the past month.
The law enforcement agency said in a statement posted on X that the man was in the area of 17th Street and Pennsylvania Avenue when he “pulled a weapon from his bag” shortly after 6 p.m. EDT and began firing. Secret Service officers returned fire and hit the suspect, who died at a hospital, the agency said.
The suspect was identified as 21-year-old Nasire Best, said a law enforcement official who spoke on the condition of anonymity because they were not authorized to discuss the investigation.

According to District of Columbia court records, Best was arrested in July 2025 after he attempted to enter a different White House checkpoint without authorization, didn’t heed officers’ commands to stop, “claimed he was Jesus Christ” and said he wanted to be arrested.
An initial hearing was held and a “Pretrial Stay Away Order” was issued, typically a measure ordering a defendant not to go near a person or area before a trial. A bench warrant was issued in August after a notice of “noncompliance” against Best, who did appear for a subsequent hearing.

Latest gunfire incident around Trump
It was the third time in the past month that shots were fired near the president after incidents at the White House Correspondents’ Association Dinner in April and near the Washington Monument earlier in May.
A bystander was also struck on Saturday, but a law enforcement official said it wasn’t clear whether that person was hit by the suspect’s initial bullets or those fired subsequently by officers.
Secret Service said none of its officers were injured, and that Trump — who was at the White House at the time — was not “impacted.” Trump originally was scheduled to spend the weekend at his New Jersey golf club but changed his plans on Friday to stay at the White House instead.
FBI Director Kash Patel said on social media that agency personnel were on the scene and “we will update the public as we’re able.”
Evidence of the shooting was visible on a sidewalk just outside the White House complex, where yellow crime scene tape snaked across the pavement and Secret Service officers placed dozens of orange evidence markers on the ground. Medical material, including what appeared to be purple surgical gloves and kits typically used by emergency medical personnel, were also seen.
Gunshots heard by journalists at the White House
Journalists working at the White House on Saturday evening reported hearing a series of gunshots and were told to seek shelter inside the press briefing room.
In a post shared on X, ABC News senior White House correspondent Selina Wang shared dramatic video of the moment she said she heard what “sounded like dozens of gunshots” and ducked for cover. Writing that she had been performing a routine task that White House reporters do daily — filming themselves on a cellphone for a social media post — Wang’s video shows her speaking for a few seconds about Trump’s statements earlier Saturday about a potential Iran deal.
As the sounds of gunfire are heard in the background, Wang’s eyes grow wider, and she ducks down in the media tent, which is among those situated in a line along the White House driveway where broadcasters film their reports. On X, Wang’s video had been shared thousands of times as of Saturday evening, and viewed at least 3 million times.
Shooting scene not far from a deadly incident last year
The shooting scene is within walking distance of where a gunman ambushed two members of the West Virginia National Guard last November.
U.S. Army Specialist Sarah Beckstrom, 20, died from the wounds she suffered in that shooting. Staff Sgt. Andrew Wolfe, then 24, was critically wounded. Rahmanullah Lakanwal has been charged in that incident.
The gunfire Saturday came nearly a month after what law enforcement authorities said was an attempted assassination of the president as he attended the annual White House Correspondents’ Association Dinner at a Washington hotel on April 25. Cole Tomas Allen, of Torrance, California, recently pleaded not guilty to charges that he attempted to kill Trump. Allen is accused of running through a security checkpoint inside the hotel and firing a shotgun at a Secret Service officer.
Following that scare, Secret Service officers shot a suspect they said had fired at officers near the Washington Monument, several blocks from the White House. Michael Marx, 45, of Midland, Texas, was charged in a complaint filed in U.S. District Court in connection with the May 4 shooting. A teenage bystander was wounded in that incident. AP
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