According to Fortune, former Binance CEO Changpeng Zhao (CZ) will be released early today (if the release date falls on the weekend, the prisoner will leave the detention center early). His lawyer said that Zhao Changpeng did not want to be interviewed on the day of his release. A Binance spokesperson said, "We are very happy that CZ will go home to reunite with his family. Although he is not managing or operating Binance, we are happy to see his next work. Since last year, Binance has continued to thrive under the leadership of our existing team."
According to Foresight News, Richard Teng, CEO of Binance, said that Changpeng Zhao was banned from managing or operating the trading platform for life, rather than for three years as previously reported by many news organizations. Previously, the plea agreement submitted by Binance showed that it agreed to prohibit Changpeng Zhao from "participating in the operation or management" of the trading platform "now or in the future", but this move was only listed as a "consideration" by prosecutors and was part of Binance's "remedial measures" rather than a legal requirement.
