As the social media platform is buzzing with the early release of Binance founder Changpeng Zhao (CZ), we would like to clarify that government records show he is been moved from his prison to the RRM Long Beach halfway house in California.

CZ was initially being held at FCI Lompoc II prison, California. However, the federal inmate tracker was updated this week to reveal he has been moved to Long Beach.

X users and numerous crypto firms, however, mistakenly interpreted the news as an early release for CZ.