Binance’s Largest Shareholder Released: (CZ) Freed, to Pursue New Projects
Changpeng Zhao (CZ), the founder and former CEO of Binance, will finally be released before the official deadline — September 29 — after serving a four-month prison sentence.
CZ was jailed for four months for violating the U.S. Bank Secrecy Act in relation to anti-money laundering.
He spent the first half of his sentence in a maximum-security prison in California before being transferred to a house in Long Beach.
Although he no longer runs Binance, (CZ) remains Binance’s largest shareholder.
Upon his release, he may focus on Giggle Academy, a charitable project that aims to educate underprivileged children.
