Recent speculation on social media has stirred confusion regarding Changpeng Zhao, the former CEO and co-founder of Binance. Contrary to reports of his early release, Zhao has been transferred to the Residential Reentry Management (RRM) Long Beach facility in California, not released.
Read MoreChangpeng Zhao, the ex-CEO of Binance, has started serving his four-month term in a minimum-security federal penitentiary located in Lompoc, California, as reported by CNBC.
Read MoreA noteworthy event for the cryptocurrency sector occurred as the First District Court of Appeals in Florida issued a unanimous decision against a permanent prohibition on Binance, the largest cryptocurrency exchange globally.
Read MoreWeekly Summary: Airdrop Craze and Bitcoin Recovery
Read MoreThe Changpeng Zhao trial, which is well-known in the digital asset field as CZ, demonstrated how important cooperation is to the outcome.
Read MoreChangpeng Zhao, the former CEO of Binance, will spend four months in prison for not putting in place sufficient anti-money laundering measures at the cryptocurrency exchange.
Read More