Long

As the social media platform is buzzing with the early release of Binance founder Changpeng Zhao (CZ), we would like to clarify that government records show he is been moved from his prison to the RRM Long Beach halfway house in California. CZ was initially being held at FCI Lompoc II prison, California. However, the federal inmate tracker was updated this week to reveal he has been moved to Long Beach. 
&nbsp;X users and numerous crypto firms, however, mistakenly interpreted the news as an early release for CZ. 
<div class="wp-block-image"> 
 <figure class="aligncenter size-full is-resized">
 <img decoding="async" width="524" height="264" src="https://www.cryptotimes.io/wp-content/uploads/2024/08/image-37.png" alt="Find an inmate (Changpeng Zhao's Details)" class="wp-image-197354" style="width: 100%;height:auto">
 <figcaption class="wp-element-caption">
 Source: <a href="https://www.bop.gov/mobile/find_inmate/byname.jsp#inmate_results" target="_blank" rel="noreferrer noopener nofollow">BOP</a>
 </figcaption>
 </figure>
</div> 
RRM Long Beach is&nbsp;a “residential reentry management (RRM) field office,” also known as a “halfway house,”&nbsp; It is a housing unit that helps prisoners who are getting close to their release date. 
However, InmateAID says, “There is no security level other than voluntary compliance but there is a strict adherence to the rules of the house.” 
This means that while CZ will technically be out of prison, as RRM Long Beach is a Bureau of Prisons-administered facility rather than a prison. 
<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow"> 
 Also Read: <a href="https://www.cryptotimes.io/2024/05/01/full-backstory-of-binance-founder-cz-4-month-jail-sentence/" target="_blank" rel="noreferrer noopener">Full Backstory of Binance Founder CZ’s 4-Month Jail Sentence</a> 
</blockquote>

Changpeng Zhao ‘CZ’ is not Free He is in a Halfway House

The Crypto Times

Autres articles publiés le 22 août 2024

Trump’s odds on Polymarket surge above Harris, spike to 53%

Marathon Digital to Raise $250 Million to Boost Bitcoin Holdings

Shiba Shootout Rise to $1 Million, DOGE’s Resilience, and MoonBag’s Surge to $4 Million

Former Ripple Executive Facing DOJ Charges

Solana Memecoin Trump’s Pussy (TRUMPPUS) to Surge 17,000% Before Exchange Listing, While Dogecoin...

China Recognizes "Virtual Asset" Transactions in New AML Law Interpretation Amid Crypto Unban Rumors

Join our free newsletter for daily crypto updates!