It is currently unclear why Binance founder CZ was transferred ahead of his scheduled release date of September 29. A federal judge sentenced the former Binance CEO to four months in prison last month, and CZ was sentenced to prison on May 31.

The BOP website states that RRM Long Beach is “an administrative office that oversees semi-open prisons in Central and Southern California.”

The move suggests that authorities are preparing to transfer CZ to a residential facility rather than sending him back to Lompoc or another prison.

*Stay tuned for updates!