Tears welled up in my eyes! Welcome CZ home!
Fortune Magazine: Zhao Changpeng will be released early today, and his next move is expected to be to re-enter the crypto industry
September 27 news, according to Fortune Magazine, on Friday, Zhao Changpeng will step onto the streets of Long Beach, California as a free man for the first time, which is the first time he has regained his freedom in months. This is two days earlier than his official release date, because if the release date coincides with the weekend, the prisoner will leave the detention center early. Since April, Zhao Changpeng has been in federal detention after agreeing to return to the United States from Dubai to serve a five-month sentence for failing to implement appropriate anti-money laundering controls in Binance, which he founded. During this period, Zhao Changpeng spent about two months in a minimum security prison in the California desert, and was then transferred to a halfway house in Long Beach, where he can go out under supervision and even go to the cinema, according to prison officials. Now, with Zhao Changpeng returning to society with a personal fortune of about $60 billion, the 25th largest in the world, and legal troubles resolved, he will have more options. Zhao Changpeng's lawyer said that Zhao Changpeng hopes not to be interviewed on the day of his release. However, the media made some speculations about his next move.
Zhao Changpeng's first stop is likely to be Dubai or Paris, where his children live with his mother He Yi. In addition, the media expects that with Zhao Changpeng's release, more details about the Giggle Academy project launched before his imprisonment may emerge in the coming months.
In response to a request for comment on Zhao Changpeng's release, a spokesperson for Binance said: "We are very happy that Zhao Changpeng can reunite with his family. Although he no longer manages or operates Binance, we are looking forward to his next move. Since last year, Binance has continued to thrive under the leadership of our current team, with more than 229 million users worldwide." Finally, it is worth noting that Zhao Changpeng is only 47 years old-this is the prime period of many executives' careers and the age when many people first serve as CEOs.
