Zhao Changpeng will be released from prison early! US media: He "returns" to the cryptocurrency industry with a net worth of $60 billion...
On Friday (September 27), Binance founder Zhao Changpeng (CZ) will step onto the streets of Long Beach, California, as a free man for the first time in months. The article said that he returned to the cryptocurrency industry with a net worth of $60 billion.
Zhao Changpeng has been in federal custody since April this year, after agreeing to return to the United States from Dubai to serve a four-month sentence for failing to implement proper anti-money laundering controls at Binance, a large cryptocurrency exchange he founded. During this period, Zhao Changpeng served about two months in a minimum security prison in the California desert before being transferred to a halfway house in Long Beach.
According to a prison official, he can have supervised outings there and even go to the movies.
Now, Zhao Changpeng will have more options, and he will return to society with a personal wealth of about $60 billion - ranking 25th in the world - and his legal troubles are over.
Zhao did not immediately respond to a direct message about his plans, and his lawyer told Fortune that he did not want to be interviewed on his release day.
"Nevertheless, we can make some educated guesses about his next move," the article said.
On Friday, he will be released two days early (if the release date falls on a weekend, prisoners will leave the prison early), when he may be in a special car and take a private plane to Long Beach or Los Angeles.
His first stop may be Dubai or Paris, where his children will live with their mother He Yi, Zhao's former lover and Binance executive.
But given Zhao's recent situation, this may not be surprising, and more details about Giggle Academy may emerge in the coming months.
In addition to family and philanthropy, the now-free Zhao Changpeng may turn his attention to a third pursuit: the cryptocurrency industry, which has brought him great wealth and allowed him to dominate for nearly a decade.
