Binance founder CZ walks free, former Alameda Research CEO Caroline Ellison sentenced to two years, and more: Hodlers Digest
Binance founder and former CEO Changpeng CZ Zhao walked free from a United States federal prison on Sept. 27 after serving a four-month stint for Anti-Money Laundering (AML) violations, a spokesperson for the United States Federal Bureau of Prisons told Cointelegraph.
CZ pled guilty in November to federal charges for failure to implement proper AML controls at Binance, the worlds largest cryptocurrency exchange in terms of daily trading volumes, according to a Nov. 21 statement from the US Department of Justice. He also stepped down as Binances CEO.
With a reported net worth of approximately $60 billion, CZ is the wealthiest person ever to serve a prison sentence in the US.
