Binance founder Changpeng “CZ” Zhao is scheduled to be released on September 29 following a four-month sentence for violating the Bank Secrecy Act. This news brings relief to many of his supporters.
For the last three months, Zhao has been staying in a halfway house located in San Pedro, California, as part of his sentence. His release comes after completing a total of 118 days behind bars.
The information about Zhao’s release was confirmed by the U.S. Bureau of Prisons.
