9 days left before Zhao Changpeng is released from prison

Binance founder Zhao Changpeng is currently serving a four-month sentence and will be free on the 29th of this month.

According to the U.S. Bureau of Prisons website, Zhao (also known as Prisoner 88087-510) will be released on September 29, 118 days after he was sent to Lompoc II, a low-security prison on the central coast of California. He spent three months in Lompoc II before being transferred to a halfway house in San Pedro, California, in late August.

In April, Zhao Changpeng was sentenced to four months in prison. Five months ago, he pleaded guilty to violating the Bank Secrecy Act by failing to establish an adequate "know your customer" (KYC) program at Binance. As part of his guilty plea, Zhao Changpeng also agreed to pay a $50 million fine and resign as CEO of the cryptocurrency exchange. After Zhao Changpeng stepped down, Richard Teng, who had served as a supervisor at regulators in Abu Dhabi and Singapore, was appointed CEO of Binance.

In addition to the charges facing Zhao, Binance was also accused of violating U.S. sanctions and money transmission laws and agreed to pay $4.3 million to settle those charges.