Binance founder Changpeng Zhao (CZ) served four months in US federal prison for violating anti-money laundering laws. He pleaded guilty to charges related to failure to implement proper AML controls at Binance, stepping down as CEO. CZ was released on September 27, 2024, after serving time in a California prison and later a halfway house. He now focuses on new ventures like YZi Labs and Giggle Academy, an educational platform. CZ's personal fortune remains unaffected, with an estimated net worth of $60 billion. Rumors about his ties to the US Federal Reserve have been shut down by CZ himself.
