So, we know CZ, the founder of Binance? Well, he’s getting out of prison a bit early.
Originally, he was supposed to serve until September 29th, but due to a weekend policy at the prison, he’s being released on September 27th, two days ahead of schedule.
He’s been in a low-security facility called Lompoc II in California.
CZ was sentenced for not implementing proper KYC (Know Your Customer) and anti-money laundering protocols at Binance, which are big deals in the regulatory world.
Even though he stepped down as CEO after his conviction, he still owns a huge share of the company, so his influence is far from gone.
There’s a lot of buzz in the crypto community about what this means for Binance and the broader market.
CZ’s actions always make waves, and many are watching to see what happens to Binance Coin ($BNB ) now that he’s almost out.
Some rumors suggest he might be heading to Dubai or Paris after his release, which could be his new base given the regulatory pressures in the U.S