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Binance Founder CZ Released From US Custody After Sparing His Billionaire Lifestyle a Whopping 4 Months of Discomfort

An illustration of Changpeng Zhao (CZ) walking out of a prison gate with his arms raised in triumph, while behind him the Binance logo is being torn apart by chains, symbolizing freedom from custody but still bound by past mistakes.

So CZ is outta the joint after serving his four-month sentence for being a reckless crypto bro who let terrorists launder money through Binance. I’m sure it was all just one big misunderstanding… or maybe he’s still trying to spin this as some sort of ‘regulatory overreach’ narrative, but we know better. The guy pleaded guilty and paid $50 million in fines – that’s what happens when you’re too busy making bank off your crypto empire to bother with basic anti-money laundering protocols. And let’s be real, the fact that he remains a billionaire after all this is just further proof of how utterly useless regulatory bodies are at holding these guys accountable.

Source: bitcoin.com

Binance founder and former CEO Changpeng Zhao (CZ) has been released from U.S. custody after serving a four-month sentence for his role in compliance failures at Binance. His sentence followed a plea deal that included a $50 million fine and stepping down as Binance’s CEO. Despite his prison sentence, Zhao remains incredibly wealthy, with plans to focus on his new venture, Giggle Academy. Changpeng Zhao (CZ), the founder and ex-CEO […]

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