Binance Founder Released From US Prison After 4-Month Sentence🔺

> Binance founder and former CEO Changpeng “CZ” Zhao was released from a United States federal prison on Sept. 27 after serving a four-month sentence for Anti-Money Laundering (AML) violations, according to a spokesperson for the United States Federal Bureau of Prisons who spoke to Cointelegraph

> CZ pled guilty in November to federal charges related to the failure to implement adequate AML controls at Binance, which is recognized as the world’s largest cryptocurrency exchange by daily trading volumes. This was stated in a Nov. 21 announcement from the US Department of Justice. Following his guilty plea, he also resigned from his position as CEO of Binance

> With a net worth estimated at around $60 billion, CZ is now the wealthiest individual to serve a prison sentence in the United States

> CZ’s four-month sentence was a substantial reduction from the 36 months originally sought by the DOJ to reflect the seriousness of the offe…