ChainCatcher reported that according to the Securities Times WeChat account, "former richest Chinese" Changpeng Zhao has confirmed that he will be released from prison soon. According to relevant reporters, Zhao Changpeng's current location has been updated to the Residential Reentry Management (RRM) in Long Beach, Central California, according to the official website of the Bureau of Prisons. This means that he is undergoing preparation and assessment before returning to society. If everything goes well, he will return to society on September 29.
It is reported that Zhao Changpeng was born in Lianyungang, Jiangsu Province, and is a Chinese-Canadian entrepreneur. In 2017, Zhao Changpeng founded Binance, which quickly became a global cryptocurrency exchange, providing trading platforms for more than 150 cryptocurrencies.
In 2017, Zhao Changpeng founded Binance, which quickly became a global cryptocurrency exchange, providing trading platforms for more than 150 cryptocurrencies. At the end of 2021, against the backdrop of a surge in many cryptocurrencies such as Bitcoin, Zhao Changpeng was ranked the richest Chinese with a net worth of US$94.1 billion (approximately RMB 634.8 billion). According to the Forbes rankings, as of April 2024, Zhao Changpeng still has a fortune of more than US$30 billion.