Former Binance CEO CZ to be released ahead of schedule
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“Changpeng Zhao” or as he is abbreviated by the letters (CZ), the founder and former CEO of Binance, after being sentenced to four months in prison, has finally been released from prison ahead of the official date set for September 29.
“CZ” spent four months in prison for violating the US Bank Secrecy Act related to anti-money laundering.
He spent the first half of his sentence in a low-security prison in California, and then was transferred to a house in Long Beach.
Although he no longer runs Binance, “CZ” remains its largest shareholder.
After his release, he may focus on his charitable project “Giggle Academy” that aims to educate underprivileged children.
