Release Date for Binance Ex-CEO Changpeng Zhao Officially Confirmed

Former Binance CEO Changpen Zhao is nearing the end of his four-month prison sentence, with his release scheduled for September 29, according to the US Federal Bureau of Prisons.

He served his sentence in a low-security prison in Santa Barbara County after surrendering in May 2024, following his sentencing in April.

The 47-year-old Zhao pleaded guilty to charges related to enabling money laundering on his cryptocurrency exchange Binance, which also led to his resignation as CEO.

Federal prosecutors initially recommended a three-year prison sentence, while sentencing guidelines suggested 12 to 18 months. Zhao’s defense team asked for five months’ probation. But the judge chose the softer sentence of four months.

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After spending time in federal prison in Lompoc, California, Jabo was moved to a transitional housing house, a facility designed to help people reintegrate into society by providing a variety of support services. His release will mark the end of a tumultuous chapter in his career and in Binance’s operations.

Kosta Gushterov