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On September 22, the official website of the US Federal Bureau of Prisons showed that Zhao Changpeng’s current location was updated to the Long Beach residence in central California, Reintegration Administration.This means he is undergoing preparation and assessment before reintegration.If everything is OK, he will return to society on September 29.
Zhao Changpeng invested in Bitcoin in 2014 and became the technical director of OKCoin.In June 2017, it officially established the digital currency trading platform Binance (a global cryptocurrency exchange) and served as CEO.At the end of 2021, against the backdrop of a surge in many cryptocurrencies such as Bitcoin, Zhao Changpeng won the richest Chinese with his net worth of US$94.1 billion (approximately RMB 634.8 billion), and also ranked among the top ten richest people in the world.
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On March 27, 2023, Zhao Changpeng and Binance were sued by the U.S. Commodity Futures Trading Commission (CFTC) for suspected violation of trading rules, accusing Zhao Changpeng and Binance of illegally operating digital asset derivatives exchanges.In June 2023, the U.S. Securities and Exchange Commission (SEC) filed 13 charges against Changpeng Zhao and Binance.On November 21, 2023, Zhao Changpeng pleaded guilty to the alleged money laundering charge.On April 30, 2024, Zhao Changpeng was sentenced to four months in prison in the United States.
