<p>Binance founder CZ has been released from prison. This news was broken by Watcher Guru a few minutes ago via their official X account. He served 119 days in prison.</p>
<p>Changpeng Zhao (CZ), the founder and former CEO of Binance, faced major legal issues in 2024. The trouble started when Binance was accused of not following U.S. anti-money laundering (AML) laws.</p>
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   <p lang="en" dir="ltr">BREAKING: Binance Founder CZ released from prison.</p>— Watcher.Guru (@WatcherGuru) <a href="https://twitter.com/WatcherGuru/status/1839767525271195939?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">September 27, 2024</a>
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<p>This allowed some bad actors to misuse the platform. To settle things with the U.S. Department of Justice (DOJ), Binance had to pay a huge $4.3 billion fine. CZ also stepped down as CEO and paid a personal fine of $50 million.</p>
<p>In April 2024, CZ got a four-month prison sentence after admitting guilt to charges linked to Binance’s AML violations. He did his time at a low-security federal facility in California. His sentence was shorter than the initial three-year suggestion due to a plea deal and some factors in his favor, like his character and not being directly involved in some of the violations.</p>
<p>Interestingly, the BNB price hasn’t really reacted to this news yet. A few minutes after the story broke, it was still hanging around the $600 mark. However, it’s up 2% today.</p>
<p><em><strong>Read also: <a href="https://captainaltcoin.com/xrps-epic-climb-awaits-accumulation-phase-sets-stage-for-record-highs-heres-the-timeline/" target="_blank" rel="noopener noreferrer nofollow">XRP’s Epic Climb Awaits: Accumulation Phase Sets Stage for Record Highs</a> </strong></em></p>
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<p>The post <a href="https://captainaltcoin.com/former-binance-ceo-cz-released-from-prison-bnb-price-stays-flat/" rel="noopener noreferrer nofollow">Former Binance CEO CZ Released from Prison, BNB Price Stays Flat</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Former Binance CEO CZ Released from Prison, BNB Price Stays Flat

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