Binance founder Changpeng Zhao (CZ) is officially released from prison! According to a Bloomberg report, U.S. Bureau of Prisons spokesman Scott Taylor confirmed that Zhao Changpeng had been released from a halfway house in Long Beach, California. BNB is back above $600, hitting $614.7 at one point. (Preliminary summary: Binance’s Changpeng Zhao is expected to be “released from prison early” on Friday. What will be the next step after CZ regains his freedom?) (Background supplement: Changpeng Zhao was released on 9/29” BlockTower founder: CZ and SBF should be imprisoned for the same crime, Experts support that the merits far outweigh the faults) Binance founder Changpeng Zhao (CZ) is about to expire his 4-month sentence in the United States. He was originally scheduled to be released on the 29th, but due to the weekend, he is expected to be released on Friday (27th) Get out of jail early. Just early this morning, Bloomberg reported that Bureau of Prisons spokesman Scott Taylor confirmed that Zhao Changpeng had been released from a halfway house in Long Beach, California. In November last year, Binance reached a settlement agreement with the U.S. Department of Justice, the Commodity Futures Trading Commission (CFTC) and other agencies. After pleading guilty and agreeing to pay a fine of US$4.3 billion, founder Changpeng Zhao also admitted to violating U.S. anti-money laundering laws and other charges and resigned from Binance. CEO position and pay a $175 million fine. Finally, in May this year, the U.S. District Court in Seattle sentenced Zhao Changpeng to four months in prison. In June, he was transferred to the Long Beach Residential Reentry Management Office in central California. He is expected to be released on September 29. Now his sentence has finally been officially completed. Get out of jail. Three things he may pursue after being released from prison. According to the American Fortune magazine "Fortune", Zhao Changpeng may take a private plane to Dubai or Paris after being released from prison to reunite with his children and mother He Yiyi to make up for lost time. . Next, Changpeng Zhao may also promote his charity education. Before he was imprisoned, he announced the launch of the education project Giggle Academy, which aims to provide free basic education to poor children. The official website of the project has published recruitment announcements for several months, but There is no information on the project's timeline or its funding sources and scope, and more details about the project may emerge in the coming months after Zhao is released from prison. When Zhao Changpeng stepped down in November last year, he also tweeted that he was willing to become a coach or mentor to budding entrepreneurs. In addition to spending time with his family and promoting philanthropic education, Changpeng Zhao, who is worth $60 billion, may once again turn his focus to the cryptocurrency industry where he made his fortune. Although under the terms of the criminal settlement, he has resigned as CEO of Binance and needs to stay away from daily operations of Binance. Binance will also accept external supervision designated by the US government. However, Binance has now turned to Asia and offshore market operations. Changpeng Zhao as The largest shareholder should still have a significant influence on its future, and at only 47 years old, he is expected to continue to exert influence in the cryptocurrency and business fields in the coming years. BNB returns to US$600. Before Changpeng Zhao was about to be released from prison, the market paid close attention to whether it would drive the rise of Binance and related currencies in the BNB chain ecosystem. According to CoinGecko data, BNB once touched US$614.7 and is now at US$607.4, nearly 24 It rose 1.4% in the hour and 6.8% in the past seven days, indicating that the good news of Zhao Changpeng's release from prison may have been reflected in the price in advance. Related reports Changpeng Zhao CZ is banned from holding leadership positions in Binance for life, but retains the rights of major shareholders (released from prison at the end of September) Changpeng Zhao CZ is released from prison! Rumor has it that it has been transferred to a halfway house and is preparing to return to society. BNB bucked the trend and rose. Binance and Changpeng Zhao (CZ) were accused of assisting hackers in money laundering. Binance and Changpeng Zhao (CZ) are facing another class action lawsuit. 〈Binance CZ is officially released from prison! Predicting 3 "most likely things" that Changpeng Zhao will do next, BNB soaring above $600> This article was first published in BlockTempo's "Dongqu Trend - the most influential blockchain news media".

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