Chinese cryptocurrency blogger Colin Wu has published a tweet, sharing news about the founder of the world’s biggest cryptocurrency exchange, Binance, and its former CEO.
Changpeng Zhao (known to the crypto community simply as CZ) was forced to step down from his leading position on charges of money laundering in the U.S. For his cooperation with the court, and Binance paying a $4.3 billion fine, he was sentenced to just four months in prison. The sentence was made on April 30 this year.
The day when CZ was expected to leave prison was Aug. 30. Now, unless his situation changes, that will not happen so soon.
HOT Stories Former Binance CEO CZ Case Sees Unexpected Turn: Details'This Is How Bitcoin Works': Samson Mow Shares Surprising ExplanationElon Musk's X Removes Bitcoin Hashmoji, Community Left BuzzingRyoshi and Shytoshi Kusama’s Crucial Roles Explained by SHIB Team
Related
Fri, 07/26/2024 - 07:25Ryoshi and Shytoshi Kusama’s Crucial Roles Explained by SHIB Team
Yuri Molchan
CZ likely to stay in prison longer, Here's why
Colin Wu cited an article by Protos, which stated that unless any significant alterations arise in CZ’s current situation, he will walk out of the FCI Lompoc II low-security prison (FCI standing for “Federal Correctional Institution”) in Seattle a month later than expected – on Sept. 29.
Protos: Unless CZ’s situation changes, he won’t be leaving FCI Lompoc II on August 30. Rather, his current release date is scheduled for September 29. CZ is in Federal Correctional Institution Lompoc II, a low-security federal prison three hours north of Los Angeles.…
— Wu Blockchain (@WuBlockchain) July 26, 2024The issue is that CZ’s lawyers from major law firms Quinn Emanuel Urquhart & Sullivan, Davis Wright Tremaine and Latham & Watkins initially announced that they would try to get CZ an extra several weeks of freedom. However, Changpeng Zhao did not start serving his short prison sentence on April 30, as was planned.
He eventually went to prison at the end of May, almost a month later. CZ has become the richest person to ever do a jail time in the U.S. Initially, prosecutors insisted on him getting a three-year prison sentence, but the judge eventually reduced that to just four months.
Related
Fri, 07/26/2024 - 08:50Elon Musk's X Removes Bitcoin Hashmoji, Community Left Buzzing
Yuri Molchan
CZ's most recent business ventures and plans
After CZ resigned as Binance boss in November last year, he first announced his plans to try and combine crypto and biotech. However, later he rejected that idea and started developing an online school called “Giggle Academyб” where he planned to give free educational courses to children and teenagers in a playful form, using modern tech.
One of the projects CZ worked on was teaching English. After ршы sentence was announced in April, the former Binance boss teased on X that he might write a book since he would be getting some free time soon.
免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。
