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Binance’s father, Changpeng Zhao, or ‘CZ’ as most people know him, is set to get out of prison in 13 days. He will be released on September 29, after serving a four-month sentence. As you may know, CZ went to prison on April 30 when he pleaded guilty to violating anti-money laundering laws in the United States.
CZ’s impending release has many talking about what it could mean for Binance and its token, BNB. Some in the community seem to think his return could boost Binance’s standing in the market and possibly even generate more activity on the platform. However, it’s worth noting that Richard Teng (the man who replaced CZ as CEO), has already confirmed that the founder has been banned from running the largest exchange or even holding an official position within it.