Former Binance CEO Changpeng “CZ” Zhao has been sentenced to four months in prison for failing to maintain an effective Anti-Money Laundering program at the cryptocurrency exchange. With a net worth of $33 billion, CZ is one of the wealthiest individuals to ever face incarceration. He remains active on social media, hinting at plans to "write something" during his jail time. The location of his imprisonment is yet to be determined, with considerations for his safety due to his wealth and status. Zhao has already paid a $50 million penalty as part of a deal between Binance and U.S. authorities.