Prosecutors are alleging Samourai Wallet laundered over $100 million in criminal proceeds.
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The DOJ wants Zhao to serve 36 months after his guilty plea last year.
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Suggested fines the securities watchdog suggested for Terraform Labs and Ripple are out-of-line with what it has collected from crypto firms in the past.
Prosecutors are alleging Samourai Wallet laundered over $100 million in criminal proceeds.
Zhao is scheduled to be sentenced on April 30 after he and Binance settled charges with the U.S. Department of Justice (DOJ) in November 2023.
The Central Bank of Nigeria did not immediately respond to CoinDesk’s request for comment.
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