👀 Information appeared on Twitter that Changpeng Zhao (founder and former head of the Binance exchange) has already served his sentence and has been released from prison. But there is no more official information yet.
On April 30, CZ was sentenced to 4 months in prison.
🔸 Background:
Champeng Zhao was accused of violating the Bank Secrecy Act, as well as the fact that more than 1.5 million transactions worth about $900 million related to the financing of terrorism and other illegal transactions took place through Binance under his leadership.
As a result, Binance was ordered to pay a $4.3 billion fine, and the US Department of Justice demanded his resignation from the post of head of Binance.
