Changpeng Zhao (CZ), the founder and former CEO of Binance, is set to be released today, two days ahead of his scheduled release date. 

According to a Fortune report, the popular philanthropist and crypto executive will be released from federal custody today, marking the end of his four-month incarceration. His release was initially scheduled for September 29, 2024. However, since the scheduled release date falls on a weekend, he will be freed from custody today, Friday. 

Fortune explained that inmates usually leave custody early, specifically on Fridays, if their release date falls on a weekend. Notably, CZ’s case will not be any different, as he is expected to be released today, September 27. The Binance founder has been in federal custody since April 2024, serving a four-month sentence for failing to provide the necessary anti-money laundering control measures at the world’s largest exchange. 

Notably, CZ spent two months at a minimum-security prison in the California desert. Afterward, he was transferred to a halfway house in Long Beach, California, with better conditions, like supervised excursions. 

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