Changpeng Zhao, the founder of Binance, is expected to be released from a US prison on 29 September 2024. Zhao, also known as CZ, was convicted earlier this year for breaching the US anti-money laundering laws.
Zhao’s arrest was following increased regulatory pressure towards Binance, one of the biggest global crypto exchanges. The authorities have been enforcing the financial laws to make sure that exchanges are following the laws strictly.
Zhao’s new release comes with some doubts as to the role he’d play in the industry in the future. Especially since he is barred for life from managing Binance.
According to the official website of the U.S. Federal Bureau of Prisons, Binance founder CZ will be released from prison next week. The official website shows that 47-year-old Asian man CHANGPENG ZHAO will be released on September 29, 2024, with registration number: 88087-510.… pic.twitter.com/QObnDODcrp
— Wu Blockchain (@WuBlockchain) September 16, 2024
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