There are only 8 days left for Zhao Changpeng to be released from prison! 🎉
Binance's boss Zhao Changpeng is now spending the last month of his prison term steadily. On the 29th of this month, he will be free again! 🎈
According to the latest intelligence from the U.S. Bureau of Prisons, our boss Zhao (also known as prisoner number 88087-510) spent three fulfilling months in Lompoc II Prison and then moved to the halfway house in San Pedro, California for a short break. Now there are only 8 days left until his release date on September 29! 🕒
Back in April this year, Zhao Changpeng had to accept four months of "quiet contemplation" because he violated the Bank Secrecy Act and failed to meet the standards of Binance's "Know Your Customer" (KYC) program perfectly. 😔 However, he is also a responsible man. Not only did he readily admit his guilt, he also generously paid a $50 million fine and took the initiative to give up the throne of Binance CEO to the experienced Richard Teng, who is a heavyweight in the regulatory circles of Abu Dhabi and Singapore! 👏
Speaking of Binance, it is also in constant turmoil. In addition to Zhao Changpeng’s personal turmoil, the company was also required to pay a settlement of $4.3 million for suspected violations of US sanctions and remittance laws. However, I believe that under the leadership of the new leadership, Binance will be able to overcome difficulties and move forward! 🚀
