Binance founder Changpeng "CZ" Zhao is set to leave prison on Friday, two days before his official release date. CZ was sentenced to four months in prison for failing to implement adequate anti-money laundering controls at Binance. He served time at a low-security prison and a halfway house in California.
Despite his incarceration, CZ's wealth remains significant, with a fortune estimated at $60 billion. Although he is no longer managing or operating Binance directly, he is expected to continue influencing the company as its largest shareholder. Additionally, CZ is planning to focus on philanthropic efforts, including a new initiative called "Giggle Academy," aimed at providing free education for underprivileged children worldwide.