According to the latest information on the US Federal Bureau of Prisons website, Binance founder Changpeng Zhao (CZ) is expected to be officially released from prison on September 29 after serving a four-month sentence. He has been transferred to Long Beach Residential Reentry Management in central California. at the Long Beach Residential Reentry Management. (Preliminary summary: CZ Zhao Changpeng is banned from holding leadership positions in Binance for life, but retains the rights of major shareholders (released from prison at the end of September)) (Background supplement: CZ Zhao Changpeng is released from prison! It is rumored that he has been transferred to a halfway house to prepare for returning to society, BNB Bucking the trend) Binance, the world’s largest cryptocurrency exchange, reached a settlement agreement with the U.S. Department of Justice, the Commodity Futures Trading Commission (CFTC) and other agencies in November last year, pleading guilty and agreeing to pay a $4.3 billion fine. Its founder, Changpeng Zhao ( CZ) admitted to violating U.S. anti-money laundering laws and other charges, resigned as CEO of Binance, and paid a fine of US$175 million. Finally, in May of this year, the U.S. District Court in Seattle sentenced CZ to four months in prison, which he is still serving. CZ will be released on September 29. However, according to the latest information on the US Federal Bureau of Prisons website, CZ has been transferred to the Long Beach Residential Reentry Management in central California and is expected to be released on September 29. Be freed. The SEC once again filed a lawsuit against Binance. However, according to a report by foreign media "CryptoSlate", although CZ's legal proceedings in this case are about to come to an end with his release from prison, the U.S. Securities and Exchange Commission (SEC) recently filed another lawsuit against Binance. An amended lawsuit reiterates that Binance violated federal securities laws. The SEC claimed that Binance, as the leading exchange, played a key role in promoting digital assets on its platform by publishing information on project investments, market trading volumes and prices; at the same time, Binance platform currency BNB is also a security , and due to the influence of Binance, BNB will also gain rising expectations in the minds of investors. Related reports Big news! Binance CZ resigns and steps down! WSJ: Zhao Changpeng pleads guilty to the United States and is willing to pay a fine of US$4.3 billion. Don’t be overly optimistic! Binance CZ Review: I guess ETFs are important in the US, but not in other countries Bankless: Is Binance CZ too powerful?〈CZ Zhao Changpeng was released from prison on 9/29! The U.S. SEC reiterates that Binance "violated federal securities laws." This article was first published in BlockTempo, the most influential blockchain news media.