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A courtroom scene with Changpeng Zhao, founder of Binance, addressing the judge. In the background, elements representing cryptocurrency such as Bitcoin and Ethereum symbols. Another scene shows a low-security federal prison in Lompoc, California.

Binance's CZ Begins Four-Month Prison Term in Lompoc

The founder of the world's largest crypto exchange entered the California prison on Saturday

Binance founder Changpeng Zhao, also known as CZ, has begun serving a four-month prison sentence in Lompoc, California. Zhao admitted to facilitating money laundering at Binance. He plans to continue investing in cryptocurrencies post-release.

June 3, 2024 06:14 AM

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