# CZ's Release

*CZ to Be Released from Prison on September 29*

By [aundingoya.eth](https://paragraph.com/@aundingoya.eth) · 2024-09-17

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Changpeng Zhao (CZ), Binance's founder, will be released from Long Beach RRM on September 29, after serving a 4-month sentence for anti-money laundering violations.

Key Points:

\- **Release Date:** September 29, 2024

\- **Sentence:** 4 months for anti-money laundering failures

\- **Facilities:** Began at Federal Correctional Institution Lompoc, now at Long Beach RRM

\- **Penalties:** $50M fine for CZ, $4.3B fine for Binance

Zhao’s release follows a DOJ investigation and his resignation as CEO. The crypto world is watching to see what comes next for CZ and Binance.

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*Originally published on [aundingoya.eth](https://paragraph.com/@aundingoya.eth/czs-release)*