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zhao changpeng

ifeng.com technology news beijing time, september 28, according to bloomberg, changpeng zhao, the founder of the world’s largest cryptocurrency exchange binance, was released from a correctional facility in california on friday local time in the united states. previously, he was sentenced to four months in prison for violating money laundering regulations and allowing cybercriminals and terrorist organizations to trade freely on binance.

scott taylor, a spokesman for the u.s. federal bureau of prisons, confirmed that zhao changpeng was released from a "halfway home" (also known as a reintegration training center) in long beach, california on friday. in june this year, zhao changpeng went to a low-security prison to serve his four-month sentence. zhao changpeng's sentence was originally scheduled to end on september 29 this year, but us media reported that he would be released early on friday, two days earlier. the reason is that if the release time falls on a weekend, the prisoner may leave the prison early.

changpeng zhao, 47, pleaded guilty in november to failing to implement an adequate anti-money laundering program at binance and agreed to pay a $50 million personal fine. binance paid a $4.3 billion fine to settle the case, which involved a series of serious charges related to violations of anti-money laundering and sanctions laws. as part of the settlement agreement, changpeng zhao resigned as ceo of binance and no longer holds a management position in the company.

even through these turmoils, binance remains one of the most important cryptocurrency exchanges in the world. the bloomberg billionaires index shows that changpeng zhao’s net worth is still as high as about us$30 billion. (author/xiao yu)

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