Binance Founder CZ Transferred to Halfway House, Awaits September Release

Aug 22, 2024, 06:00 PM

Changpeng 'CZ' Zhao, the founder of Binance, has been transferred from federal prison to a halfway house in Long Beach, California. This move is part of his ongoing four-month sentence, which he is expected to complete by September 29, 2024. Although some reports suggested he was released, CZ remains under custody at the Residential Reentry Management (RRM) facility. The transfer signifies a step towards his eventual release, but he still has 38 days remaining on his sentence. Legal challenges continue to loom for CZ as he approaches his release date.