CZ is a free man AGAIN!
Changpeng “CZ” Zhao, the founder and former CEO of Binance, was released from a United States federal prison on September 27 after completing a four-month sentence for Anti-Money Laundering (AML) violations, as confirmed by a spokesperson from the United States Federal Bureau of Prisons to Cointelegraph.
In November, CZ admitted guilt to federal charges related to inadequate AML controls at Binance, which is recognized as the largest cryptocurrency exchange by daily trading volume, according to a statement from the US Department of Justice on November 21. Following this, he resigned from his position as CEO of Binance.
With an estimated net worth of around $60 billion, CZ holds the title of the richest individual to have served time in a US prison.
