Release day is approaching in CZ: Will he return?

It has been confirmed that the release of Binance former CEO Changpeng Zhao, who was sentenced to prison in California, USA, will take place on September 29. According to the official website of the US Prisons Bureau, CZ will now definitely complete its sentence on September 29 and will be released.

The day of Changpeng Zhao, one of the founders of the Binance exchange and serving as CEO for years, will be released from prison has been officially announced. According to the information on the website of the US Prisons Office, CZ will be released on September 29. It was talked about earlier that Zhao would be released on this date, but this situation was confirmed with the official information on the website.

CZ, who had been sentenced to California for about 4 months, also changed in August. The former CEO of Binance had been transferred to a place known as RRMs, which includes prisoners who were coming to an end.

No return signal

Before going to prison, Zhao stated that he would continue his way as a "passive crypto investor and hodler" and gave the news that he would devote himself to educational activities. Therefore, the famous CEO is not expected to return to the crypto sector.

Richard Teng, who replaced CZ as CEO at Binance, also closed the door to CZ to take part in the company with some statements he made.

CZ, which is still a major shareholder on Binance, will be protected by these rights but will not be allowed to have an impact on the stock market.