Binance Founder Changpeng Zhao Getting Released After Serving 119 Days in Prison, Unlikely To Manage Crypto Exchange

Binance Founder Changpeng Zhao is set to be released after serving 119 days in prison. Changpeng Zhao, also known as CZ, was expected to be released on Sunday, September 29, 2024. However, he is said to be released on Friday (today). The Binance founder pleaded guilty to violating the Bank Secrecy Act in April this year. He also reportedly failed to set up an adequate KYC program at Binance. Regarding the two days prior release, a Binance spokesperson said that the crypto exchange members were happy to see Changpeng Zhao reunite with his family. The spokesperson said team would see what he would do next since he would not manage crypto exchange. Binance Founder Changpeng Zhao Aka CZ ‘Banned for Lifetime’ From Managing Crypto Exchange, Fined USD 50 Million by US Department of Justice.

Binance Founder CZ To Be Released Today After Serving 119 Days of Jailtime

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