Binance founder Changpeng Zhao (CZ) has completed his prison sentence for violating the anti-money laundering program.

According to Bloomberg, CZ was released two days ahead of schedule on Friday, September 27. Zhao, who was sentenced to four months in prison in April, admitted last year that he failed to run an effective “anti-money laundering program.” He was fined $50 million, while Binance agreed to pay $4.3 billion, making it one of the largest corporate settlements in history.

A U.S. Bureau of Prisons official declined to provide details about Zhao's release, saying the information could not be shared for privacy reasons. If her release date falls on a public holiday or weekend, she could be released on the previous business day, the release statement said.

The US Justice Department had sought a longer sentence for Zhao, seeking 36 months in prison and arguing that he intentionally violated the law. Zhao's lawyers had requested probation, saying their client was remorseful.

Zhao was replaced by former Abu Dhabi regulator Richard Teng, who announced that Binance was investing heavily in regulatory compliance, which he referred to as “Binance 2.0.”

Zhao’s release caused movement in the altcoin market. Open Campus (EDU) gained 10% on the news. CZ’s favorite BNB also showed a small increase of 3%. In addition, meme coin projects Pepe (PEPE), Shiba Inu (SHIB) and Notcoin (NOT) experienced increases of up to 10% in the last 24 hours. High volatility was also observed in projects such as Solana and FreeCZ and CZISBACK on the BNB network.