By Cryptonew.org 
Changpeng Zhao, the founder of Binance, is scheduled to be released from U.S. custody on September 29, 2024. Zhao, commonly known as “CZ,” had been serving a four-month prison sentence after pleading guilty to federal money laundering charges related to his time managing Binance. As part of a settlement with the U.S. government, CZ was also banned from managing or operating Binance for three years and faced a significant fine.
In the weeks leading up to his release, CZ was moved from a minimum-security prison to a halfway house in Long Beach, California. This transition is a standard procedure aimed at helping inmates reintegrate into society. Despite the transfer, CZ remains under the supervision of the U.S. authorities until his official release date.
Upon his release, CZ plans to shift his focus towards education and passive investments. He has already hinted at his involvement in educational initiatives, such as the Giggle Academy, which aims to provide accessible and engaging education to children globally. His next chapter seems to involve stepping back from the day-to-day operations of Binance while remaining influential in the broader cryptocurrency industry.
In addition to his legal battles, CZ and Binance are facing ongoing scrutiny and new lawsuits, including allegations of inadequate anti-money laundering (AML) and know-your-customer (KYC) protocols, which have resulted in further legal complications. Refer to the source at(Coincu).
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