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Binance Founder CZ Released From US Custody After Serving 4-Month Sentence

Bitcoin.com
Binance Founder CZ Released From US Custody After Serving 4-Month Sentence
Binance
Binance Founder CZ Released From US Custody After Serving 4-Month SentenceBinance founder and former CEO Changpeng Zhao (CZ) has been released from U.S. custody after serving a four-month sentence for his role in compliance failures at Binance. His sentence followed a plea deal that included a $50 million fine and stepping down as Binance’s CEO. Despite his prison sentence, Zhao remains incredibly wealthy, with plans […]
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Binance founder CZ receives support from crypto community as jail term starts

Coin Telegraph
Binance founder CZ receives support from crypto community as jail term starts
Binance

Once he completes his four-month sentence at Lompoc prison, Zhao plans to resume his involvement in cryptocurrency.

 Changpeng Zhao, the founder of Binance, the world’s largest cryptocurrency exchange, has reported to a low-security federal prison in Lompoc, California, to begin serving his sentence.

According to a CNBC report, the information was verified with his legal team at Latham and Watkins.

Members of the crypto community have expressed their admiration for the former CEO as he is taken into custody. A Reddit user mentioned that the prison sentence is a positive move by CZ, as it protects Binance from potential risks. User Ilsemprelaziale wrote:

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Grayscale’s XRP ETF Under SEC Review—The Countdown Begins

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Binance founder CZ must stay in US until February sentencing, judge orders

Coin Telegraph
Binance founder CZ must stay in US until February sentencing, judge orders
Binance CEO

Former Binance CEO Changpeng "CZ" Zhao has been ordered to remain in the U.S. while awaiting his sentencing in February.

Binance founder Changpeng "CZ" Zhao must stay in the United States until he is sentenced in Feburary, a federal judge has ruled.

On Dec. 7, Seattle District Court Judge Richard Jones agreed with federal prosecutors that Zhao should stay in the U.S. until his Feb. 23, 2024, sentencing due to his risk of flight if he leaves the country.

"The defendant has enormous wealth and property abroad, and no ties to the United States," Judge Jones wrote.

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Grayscale’s XRP ETF Under SEC Review—The Countdown Begins

Grayscale’s XRP ETF Under SEC Review—The Countdown Begins

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