Former Binance CEO Changpeng Zhao (CZ) has been relocated from prison to the RRM Long Beach halfway house in California. Amid this transition, there have been misinterpretations, particularly by X users and several crypto firms, that suggest Zhao's move could indicate an early release from his sentences.
However, Zhao's release is still scheduled for September, dispelling assumptions of any premature alleviation of his legal challenges. Initially, CZ was confined at the Federal Correctional Institution (FCI) Lompoc II.
