Binance Founder CZ Released After Serving Four-Month Sentence

As reported by Bloomberg, Binance founder Changpeng Zhao was released from a correctional facility in California on Friday. Scott Taylor, a Federal Bureau of Prisons spokesman, confirmed Zhao’s release from a semi-open prison in Long Beach, California. Zhao had been transferred to the facility in June to serve a four-month sentence. The low-security prison had been Zhao’s place of confinement, and his release marks the end of his sentence. Details surrounding the reasons for Zhao’s imprisonment have not been specified, but his release signals the conclusion of his brief incarceration.