On April 30, US District Judge Richard Jones sentenced Changpeng Zhao (CZ) to four months in prison, with CZ scheduled to serve his sentence at the end of May.
CZ’s sentence was originally scheduled to end on September 29, but according to Forbes, he could be released on September 27, two days before his official release date.
Because according to US law, if a person’s release date falls on a weekend, inmates are allowed to leave prison early. At this point, the law allows CZ to be released two days earlier, today, because his release date falls on a weekend.
A Binance spokesperson said they were happy that CZ would be going home to reunite with his family. His lawyer added that CZ would not be giving interviews on his release day.
Although it is not fully clear what CZ will do after his release, it is estimated that he may go to Dubai or Paris, where his child lives with his ex-wife Ye Hi, the current president of Binance Labs.
CZ spent about two months in a minimum security prison in California before being transferred to a location in Long Beach, where CZ was able to take supervised excursions and even go to the movies.
CZ, 47, has an estimated net worth of $60 billion, ranking him 25th globally. He also remains Binance’s largest shareholder, owning 94 million BNB tokens, representing 64% of the total supply and worth around $55 billion.
*This is not investment advice.
