Zhao Changpeng, a former CEO of Binance, the world's largest cryptocurrency exchange, will be released soon.Earlier, he was sentenced to four months in violation of the US money laundering law.
The Securities Times confirmed the above news from the Federal Prison Office.
The official website of the Federal Prison shows that Zhao Changpeng's current location is updated to return to the Social Administration in the long beach residential place located in central California.This means that he is being prepared and evaluated before returning to society.If everything is normal, he will return to society on September 29.
The residential place returned to the Social Administration to act as a local liaison person from the federal prison bureau and the Federal Court, the U.S. Secretarians, the state and local punishment institutions to sign a contract with the federal prison to provide the eclectic prison.Necessary help and support to ensure that they can smoothly transition to social life.This may include services to provide safe, organized and supervised environment, and provide services such as employment training, psychological counseling, housing arrangements, and financial management.
In April of this year, Zhao Changpeng was sentenced to four months in prison for violating the US Anti -Money Law Law.The judge said when he announced his torture that he hoped that Zhao Changpeng could understand that although he had "wealth, power, and status", no one could avoid being prosecuted or over the United States.
In June last year, the US Securities and Exchange Commission proposed 13 allegations on the Binance, Zhao Changpeng and the U.S. -Ben US Exchange, including suspected exaggeration to exaggerate transaction volume, transfer customers' funds, and failed to limit U.S. customers to use their platforms.And mislead investors in its market supervision and control.
Zhao Changpeng acknowledged violations of US Anti -Money Lake in November last year, reaching a settlement with the US Department of Justice with US $ 4.3 billion (about S $ 5.6 billion), and resigned as the CEO.As part of the confession agreement, Zhao Changpeng personally agreed to pay a fine of 50 million US dollars, and he was also banned from participating in any affairs of Binance.
Public information shows that Zhao Changpeng, 47, was born in China this year and immigrated to Canada at the age of 12.In 2017, he established Binance and served as CEO.In 2021, Zhao Changpeng's value once reached $ 90 billion, surpassing Zhong Yan, the chairman of Nongfu Spring, and became the richest man in the Chinese.
