Binance founder Changpeng Zhao was released from a correctional facility in California on Friday after being held in federal custody for failures that allowed cybercriminals and terrorist groups to freely trade on the world’s largest cryptocurrency exchange.

Changpeng Zhao, better known as CZ, has reportedly been released from the American prison he had to serve four months in after admitting guilt to money laundering charges. Reportedly, a spokesperson for the Federal Bureau of Prisons said: “For privacy,

Binance founder and ex-CEO Changpeng Zhao is set for an early release from prison on Friday after serving time for 118 days. The news, first reported by Fortune Crypto, claims that CZ will walk away from custody with over $60 billion of personal fortune.

Zhao might get out two days earlier than his scheduled release date due to federal prison guidelines for weekend releases.

BNB price broke above $615 on the Sept 27, adding over $4B to its market cap this week, reports link the rally to Changpeng Zhao’s early prison release

Binance founder Changpeng “CZ” Zhao, could be released on Friday, two days ahead of his scheduled release date of September 29th (Sunday), according to an interpretation of the law.

Changpeng Zhao leaves a halfway house on Friday. He has pledged himself to philanthropy but the pull of business will be strong.

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Changpeng “CZ” Zhao, the founder of Binance, could be walking free this Friday—two days before his official release date. This potential early