28
Sep
In a surprising turn of events, Changpeng Zhao, commonly known as CZ, the founder and CEO of Binance, has been released from prison. Zhao, a pivotal figure in the cryptocurrency industry, was detained following regulatory investigations related to Binance’s operations. His release marks a critical juncture for both his career and the future of Binance, one of the world's largest cryptocurrency exchanges. CZ's legal troubles began when various global financial regulators scrutinized Binance for alleged violations, including operating without proper licenses and insufficient adherence to anti-money laundering (AML) rules. The detention of CZ sent shockwaves through the crypto community, raising…
