Binance Founder CZ to Be Released from Prison on Sept 29th
Changpeng Zhao, a 47-year-old Asian man, has been registered under the number 88087-510 by the U.S. Federal Bureau of Prisons. CZ's imprisonment shows that even the biggest names in the business aren't above the rules
According to the official website of the U.S. Federal Bureau of Prisons, Changpeng Zhao, also known as CZ, the founder of Binance, will be released from prison on September 29, 2024.
Changpeng Zhao, a 47-year-old Asian man, has been registered under the number 88087-510 by the U.S. Federal Bureau of Prisons. CZ is one of the most well-known figures in the crypto world, having founded Binance, one of the largest cryptocurrency exchanges in the world, where people can buy and sell digital currencies like Bitcoin and Ethereum. CZ has been at the forefront of the crypto boom, making a big name for himself in the industry.
Details about why CZ was in prison have not been made widely public. However, his time behind bars has been a big topic in the crypto community. Binance and its founder have faced scrutiny from regulators around the world as governments look to make sure crypto exchanges follow the law.
CZ's imprisonment shows that even the biggest names in the business aren't above the rules. As the saying goes, "nobody is too big to fail," and this situation has reminded everyone that the law applies to all.
CZ is set to be released from prison on September 29, 2024. It's not yet clear what his next move will be after his release, but many in the crypto world are eager to see if he'll return to lead Binance. However, this is far from reality. Binance itself has continued to operate during CZ's time away, though his absence has raised questions about its future.
