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Eyebrows raised as Anwar hails meeting with crypto boss convicted of fraud in US, banned by SC

Eyebrows raised as Anwar hails meeting with crypto boss convicted of fraud in US, banned by SC

Questions were raised after Prime Minister Anwar Ibrahim hosted a disgraced cryptocurrency mogul in his office, almost a year after he was sentenced to prison by a US court for money laundering and other frauds-related charges.

Comments flooded Anwar’s social media accounts after he posted about his meeting with Changpeng Zhao, who stepped down as the CEO of Binance, a company banned from trading in Malaysia.

In April 2024, the Chinese-born Canadian businessman was sentenced to four months in prison by a court in Seattle after pleading guilty to violating US anti-money-laundering laws.

In 2021, the Securities Commission Malaysia (SC) announced enforcement action against Binance for illegally operating a cryptocurrency exchange.

SC also…

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