Binance co-founder and former CEO Changpeng Zhao (CZ) was released two days before his jail term expired, Bloomberg reports.

The entrepreneur was serving a four-month prison sentence on charges of money laundering and other illegal activities. As part of the agreement with the US Department of Justice, he agreed to pay a fine of $50 million and step down as CEO of the exchange.

Binance co-founder and former CEO Changpeng Zhao (CZ) was released two days before his jail term expired, Bloomberg reports.

The entrepreneur was serving a four-month prison sentence on charges of money laundering and other illegal activities. As part of the agreement with the US Department of Justice, he agreed to pay a fine of $50 million and step down as CEO of the exchange.
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