CZ (Changpeng Zhao) has begun serving his sentence at a low-security federal prison in Lopke, California. CZ's defense team confirmed that he has been detained. CZ pleaded guilty in November last year. He was charged with violating the Bank Secrecy Act by failing to implement effective anti-money laundering procedures. The United States ordered Binance to pay a $4.3 billion fine. In April this year, he was sentenced to four months in prison. Wish CZ peace and look forward to CZ's return~
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