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Fortune claims that Binance founder CZ would be released from imprisonment today, September 27, two days ahead of his official release date. This is common when prisoners are freed to go early should their date of release fall on a weekend.
Arriving in the United States from Dubai to start serving a four-month term for failing to maintain sufficient anti-money laundering procedures at his bitcoin exchange, the man most known as Changpeng “CZ,” Zhao, has been in federal detention since April. Following two months in a minimum-security federal jail in the California desert, Binance founder CZ was sent to a halfway house in Long Beach. According to a Binance spokesman, Zhao went to a movie and has been let on supervised trips.
Once published, CZ is said to be taken away in a chauffeur-driven car straight to a private jet, perhaps headed for Dubai or Paris, supposedly where his children with his former spouse, Binance Senior Executive He Yi, live. Zhao is a majority shareholder and a board member with great impact inside the company, even if the plea agreement made between him and the US government forbids him from the daily operation of Binance.
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