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former chinese richest man zhao changpeng confirmed that he will be released from prison soon! he was previously sentenced to 4 months in prison and his net worth exceeds 230 billion yuan

2024-09-22

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editor zhang jinhe

according to a report by the securities times on september 21, there are rumors that zhao changpeng, the former richest chinese and founder of binance, is about to be released from prison.the reporter confirmed the news from the u.s. federal bureau of prisons.

the reporter learned from the official website of the u.s. bureau of prisons that zhao changpeng’s current location has been updated to the long beach residential reentry management (rrm) in central california.this means that he is undergoing preparation and assessment before returning to society. if everything goes well, he will return to society on september 29.

the so-called "residential reintegration administration", also known as the "halfway house", mainly acts as a local liaison between the federal bureau of prisons and the federal courts, the u.s. marshals service, state and local correctional institutions, and signs contracts with federal prisons to provide necessary help and support to prisoners who are about to be released to ensure that they can smoothly transition into social life. this may include providing a safe, organized, and supervised environment, providing employment training, psychological counseling, housing arrangements, financial management and other services.

during zhao changpeng's imprisonment, bitcoin fluctuated by more than $20,000. in april this year, when zhao changpeng was imprisoned, bitcoin reached $71,000, and then entered a period of sharp fluctuations, and once fell below $50,000. the latest price is $63,192.