The founder of Binance, Changpeng Zhao, reportedly arrived at a low-security federal prison in Lompoc, California, to begin a four-month sentence.
After his conviction, Zhao outlined his future plans and stated that after serving his sentence, he intends to return to the cryptocurrency industry and focus on maintaining his existing crypto holdings and engaging in passive investing.
He further emphasized that the period following his guilty plea marked a "new phase for the cryptocurrency industry," highlighting the importance of regulatory compliance and adherence among players in this space.
