Fun

Changpeng Zhao moved to custody of field office ahead of Sept release

News Feed - 2024-08-23 04:08:45

Turner Wright4 hours agoChangpeng Zhao moved to custody of field office ahead of Sept releaseAs of Aug. 22, the US Federal Bureau of Prisons listed the former Binance CEO as an inmate of the Residential Reentry Management Long Beach field office.877 Total views2 Total sharesListen to article 0:00NewsOwn this piece of crypto historyCollect this article as NFTCOINTELEGRAPH IN YOUR SOCIAL FEEDFollow ourSubscribe onChangpeng “CZ” Zhao still has 38 days before his expected release from custody, but records show authorities have transferred the former Binance CEO to an administrative facility in the Greater Los Angeles area.


According to records with the United States Federal Bureau of Prisons (BOP), as of Aug. 22, Zhao was listed as an inmate of the Residential Reentry Management (RRM) Long Beach field office, which helps place federal offenders. Until recently, the former Binance CEO was in the Federal Correctional Institution Lompoc in central California.


It’s unclear why Zhao was transferred ahead of his release date, scheduled for Sept. 29. In April, a federal judge sentenced the former Binance CEO to four months in prison after he pleaded guilty to failing to maintain an effective Anti-Money Laundering program while leading the crypto exchange. He reported to prison on May 31.


Related:Binance founder CZ receives support from crypto community as jail term starts


The BOP website stated that RRM Long Beach was “an administrative office providing oversight to halfway houses located in central California and southern California.” The move could suggest that authorities were preparing to transfer Zhao to a residential facility instead of back to Lompoc or another prison.From CEO to inmate 88087-510


In November 2023, Zhao resigned as Binance CEO and pleaded guilty to one felony charge as part of a settlement with US authorities. The exchange agreed to pay $4.3 billion for “civil regulatory enforcement actions,” and CZ is barred from serving as an executive at any crypto firm in the future.


Zhao, active on social media before surrendering to prison officials, has not tweeted since May. Before reporting to Lompoc, he suggested he would work on a writing project while behind bars. The former CEO had a reported net worth in the billions, making him one of the wealthiest individuals to ever go to prison.


Despite speculation online, there was no evidence to suggest that Zhao was “free” following the transfer. The BOP website listed his release date as Sept. 29.


Magazine:‘Less flashy’ Mashinsky set for less jail time than SBF: Inner City Press, X Hall of Flame# Law# Changpeng Zhao# United States# Crimes# Binance# RegulationAdd reaction

News Feed

Bitcoin.com Reveals Limited Edition Bitcoin Cash Wristwatch Crafted by Luxury Watchmaker Franck Muller
Bitcoin.com Reveals Limited Edition Bitcoin Cash Wristwatch Crafted by Luxury Watchmaker Franck Muller The leading cryptocurrency web portal Bitcoin.com has part
Google Cloud to Become Tezos Validator and Offer Validation Services
Google Cloud to Become Tezos Validator and Offer Validation Services Google Cloud, the remote services division of the software giant, has announced a partnership with blockchain c
DCG Subsidiary Foundry to Acquire 2 ‘Turnkey’ Bitcoin Mining Facilities From Compute North
DCG Subsidiary Foundry to Acquire 2 "Turnkey" Bitcoin Mining Facilities From Compute North Digital asset mining and staking firm Foundry has agreed to purchase two “turnkey&
Scammers use memecoin ‘trending’ list to lure victims — Researcher
Christopher Roark10 hours agoScammers use memecoin ‘trending’ list to lure victims — ResearcherRoffet.eth found that some coins contained obscure, difficult-to-read code that allowed the developer to transfer user
XRP Moves Into Key Range Against Bitcoin As 3 Major Targets Show Up
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and pu
Coinbase’s Stand With Crypto launches political action committee
Turner Wright7 hours agoCoinbase’s Stand With Crypto launches political action committeeThe advocacy group said it will begin officially endorsing political candidates for “common-sense crypto policy” in the U.S. S
Market Strategist Expects Stock Market to Drop 50% From Here, Says There’s ‘Going to Be No Middle Class Left’
Market Strategist Expects Stock Market to Drop 50% From Here, Says There"s "Going to Be No Middle Class Left" Following Jerome Powell’s hawkish commentary at the annual Jack
South Korean convenience store sells Bitcoin-themed 'meal boxes'
Savannah Fortis20 minutes agoSouth Korean convenience store sells Bitcoin-themed "meal boxes"A convenience store in South Korea is offering Bitcoin meal boxes in collaboration with the local exchange Bithumb where custom
12 Companies Keep Close to $700 Million in Ethereum in Treasuries
12 Companies Keep Close to $700 Million in Ethereum in Treasuries During the last year, there’s been a lot of discussion concerning bitcoin treasuries or public firms puttin
Crypto Exchange BitYard Undertakes Brand Refresh With New Logo and Slogan ‘Grow Your Future in the Yard’
Crypto Exchange BitYard Undertakes Brand Refresh With New Logo and Slogan ‘Grow Your Future in the Yard’ press release PRESS RELEASE. BitYard, the world&rsquo
US Federal Reserve Hiring Retail Payments Manager to Research Digital Currencies
The U.S. Federal Reserve is hiring a manager to oversee its traditional payments section, while adding new responsibilities to the role, including researching how to integrate digital currencies, stablecoins and distribu
Bitcoin Price Crash To $91,000 Termed Major ‘Bear Trap’ As Optimism Returns To The Market
Este artículo también está disponible en español. Crypto analyst Merlijn has described the Bitcoin price crash to $91,000 as a major bear trap as optimism returns to the