Binance founder Changpeng Zhao has begun serving his prison sentence in a high-security federal prison in Lompoc, California, according to CNBC. Zhao, commonly known as CZ, was sentenced to four months in prison after pleading guilty to aiding money laundering.
Notably, CZ has become the wealthiest person serving time in an American prison, with his stake in Binance and personal fortune valued at $43 billion.