Binance founder CZ will step out of custody on Friday.
Changpeng Zhao has a net worth of a massive $60 billion.
Millions in USDT were transferred to Binance as Bitcoin reclaimed $65,000.
Changpeng Zhao, co-founder of crypto exchange Binance, known as CZ to the crypto world, has been released from federal custody in California, Friday. The crypto entrepreneur served a four-month sentence for failing to implement anti-money laundering policies within Binance exchange.
A Fortune report detailed how Zhao spent two months at a minimum-security prison before being transferred to a halfway house in Long Beach, where he was allowed supervised excursions. Now that he’s free, Zhao will have access to his $60 billion net worth and, with his legal troubles behind him, can focus on planning his future.
Early Release and Travel Plans
Fortune noted that since CZ’s release date falls on a weekend, he was released two days early, per prison rules. He most likely would travel to Dubai or Paris, where his family lives. During his sentencing hearing, which included testimony from Zhao’s mother and sister, the crypto entrepreneur said:
“For the next chapter of my…
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