BlockNews
FOLLOW ON X
  • CRYPTO
  • FINANCE
  • POLITICS
  • MEMECOINS
  • NFT
  • TECHNOLOGY
  • OPINION
No Result
View All Result
BlockNews
  • CRYPTO
  • FINANCE
  • POLITICS
  • MEMECOINS
  • NFT
  • TECHNOLOGY
  • OPINION
No Result
View All Result
BlockNews
Home CRYPTO

CZ Binance Released From US Custody 2 Days Earlier Than Expected

by Drop Gorn
September 28, 2024
in CRYPTO, SOCIAL
Reading Time: 3 mins read
A A
1
SHARES
21
VIEWS
Share on XShare in TelegramShare on Reddit
  • Binance founder Changpeng Zhao has been officially released from prison after serving a four-month sentence
  • Zhao was sentenced following a U.S. Department of Justice investigation that resulted in federal charges against Binance for violating anti-money laundering laws and other violations
  • Binance paid a $4 billion financial penalty and Zhao resigned as CEO, being barred from taking a management position at the firm again

Binance founder and former CEO Changpeng Zhao has been released from prison after completing his 4-month sentence for violating anti-money laundering laws.

Zhao Sentenced After DOJ Investigation Into Binance

In November 2023, the US Department of Justice charged crypto exchange Binance and Zhao with violating anti-money laundering laws, unlicensed money transmitting, and sanctions violations. As a result, Binance paid a $4 billion penalty and Zhao resigned from his management role.

Prosecutors had sought a 3-year sentence for Zhao, but he was ultimately given just 4 months. He served his time at a low-security prison in California.

BREAKING: Binance’s @cz_binance HAS OFFICIALLY BEEN RELEASED FROM PRISON 2 DAYS EARLY https://t.co/UTsTFeLYKD

— BlockNews.com (@blocknewsdotcom) September 27, 2024

Zhao Officially Released, Binance Comments on Founder’s Future

On September 27, 2024, Changpeng Zhao was officially released from prison after completing his 4-month sentence.

Binance released a statement expressing excitement about Zhao’s release and curiosity about what he will do next, although he is barred from taking a management position at Binance again.

Crypto investors are anxious to see what comes next for the influential founder now that he has been released from prison. Zhao was formerly one of crypto’s most prominent figures as head of Binance, once among the sector’s most trusted exchanges.

What’s Next for Changpeng Zhao and Crypto?

While Zhao can no longer operate Binance, many are excited to see what ventures he takes on next and how he will continue to shape the crypto space. His release comes at a time when the sector aims to rebuild trust after high-profile legal issues.

Zhao still wields substantial influence in crypto. His future moves will be closely watched by investors and could potentially impact prices and the overall market. For now, the community welcomes back a key figure as he looks ahead after serving time.

Tags: BinanceChangpeng ZhaocryptoMoney Laundering
TweetShareShare
Previous Post

SEC Settles $700K Case With Mango Markets Over DeFi Token Violations

Next Post

The Block Analytics – Sep 27

DON'T MISS THESE! HOT OFF THE PRESS

Crypto Supply Shock: Bitwise Predicts Bullish Runs for BTC, But Shows Doubt With ETH and SOL
BITCOIN

Crypto Supply Shock: Bitwise Predicts Bullish Runs for BTC, But Shows Doubt With ETH and SOL

July 1, 2025
SEC Plans Shortcut for Crypto ETFs With New Listing Rules
CRYPTO

SEC Plans Shortcut for Crypto ETFs With New Listing Rules

July 1, 2025
Connecticut Bans Bitcoin and Crypto for Government Funds
BITCOIN

Connecticut Bans Bitcoin and Crypto for Government Funds

July 1, 2025
Shiba Inu: Turning $3,000 into $10,000 – The Math Behind the Meme
CRYPTO

Shiba Inu: Turning $3,000 into $10,000 – The Math Behind the Meme

July 1, 2025
FARTCOIN Surges 148%—Is the Meme Just the Beginning?
CRYPTO

FARTCOIN Surges 148%—Is the Meme Just the Beginning?

July 1, 2025
PEPE Pops 17%—But Is This Meme Rocket Just Getting Started?
CRYPTO

PEPE Pops 17%—But Is This Meme Rocket Just Getting Started?

July 1, 2025
Load More

Related News

Crypto Supply Shock: Bitwise Predicts Bullish Runs for BTC, But Shows Doubt With ETH and SOL

Crypto Supply Shock: Bitwise Predicts Bullish Runs for BTC, But Shows Doubt With ETH and SOL

July 1, 2025
SEC Plans Shortcut for Crypto ETFs With New Listing Rules

SEC Plans Shortcut for Crypto ETFs With New Listing Rules

July 1, 2025
Donald Trump Threatens Elon Musk with DOGE Audit

Donald Trump Threatens Elon Musk with DOGE Audit

July 1, 2025
Jerome Powell Says July May be Too Early for Rate Cuts, But Doesn’t Rule it Out

Jerome Powell Says July May be Too Early for Rate Cuts, But Doesn’t Rule it Out

July 1, 2025
Deutsche Bank Eyes 2026 Launch for Bitcoin and Ethereum Custody

Deutsche Bank Eyes 2026 Launch for Bitcoin and Ethereum Custody

July 1, 2025
Twitter Telegram Threads

BLOCKNEWS.COM

BlockNews

BlockNews.com is your premier source for real-time cryptocurrency, blockchain, and financial market news.

Our mission is to deliver accurate, timely, and insightful information to help both seasoned investors and newcomers navigate the evolving digital economy.

With in-depth analysis, exclusive insights, and up-to-date news, BlockNews.com keeps you informed on the latest trends in crypto, DeFi, NFTs, tech, and beyond.

Stay ahead of the herd with BlockNews.com

RESOURCES

  • About
  • Contact Us
  • Terms and Conditions
  • Privacy Policy

POPULAR TOPICS

$ADA $XRP AI Avalanche Binance Bitcoin Bitcoin ETF blackrock Blockchain BTC Business Cardano Chainlink China Coinbase Coinglass crypto cryptocurrency Crypto Exchange Crypto Regulation DeFi Dogecoin Donald Trump Elon Musk ETF eth ethereum Federal Reserve FTX grayscale Memecoin metaverse Microstrategy NFT NFTs PEPE ripple sec Shiba Inu Solana Stablecoin Technology US Web3 xrp

GET QUICKER UPDATES ON X

© 2022-2025 BlockNews.com - Crypto and NFT news website by Aiur Labs.

No Result
View All Result
  • HOME
  • CRYPTO
  • MEMECOINS
  • TECHNOLOGY
  • POLITICS
  • FINANCE
  • NFT
  • DEFI
  • GUIDES

© 2022-2025 BlockNews.com - Crypto and NFT news website by Aiur Labs.