Is Binance founder CZ really getting out of prison today?
Disgraced Binance CEO Changpeng Zhao might be released from prison two days early due to a federal rule around weekend releases.
Disgraced Binance CEO Changpeng Zhao might be released from prison two days early due to a federal rule around weekend releases.
Former Binance CEO CZ has been moved to RRM Long Beach, a ‘halfway house’ that assists inmates nearing their release date.
The lawsuit, brought by three crypto investors, accuses Binance of losing their funds through lax money laundering regulations.
Federal inmates are prohibited from using mobile phones while incarcerated and Zhao hasn’t posted anything to X since May 22.
Binance’s CZ won’t leave prison on August 30, despite the four-month sentence handed out on April 30. Here’s why he has to wait.