# CZ's Release

> CZ to Be Released from Prison on September 29

**Published by:** [aundingoya.eth](https://paragraph.com/@aundingoya.eth/)
**Published on:** 2024-09-17
**URL:** https://paragraph.com/@aundingoya.eth/czs-release

## Content

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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