Binance Founder Changpeng Zhao Released After Four-Month Prison Sentence
28 Sep 2024
Changpeng Zhao, better known as CZ, the founder and former CEO of Binance, has been released from a U.S. federal prison after serving four months on charges related to failing to implement proper Anti-Money Laundering (AML) controls at Binance. As part of a settlement with the U.S. Department of Justice (DOJ), CZ paid a personal fine of $50 million, while Binance was ordered to pay $4.3 billion in
