The post Why Binance Founder CZ Won’t Be Leaving Prison Until September appeared on BitcoinEthereumNews.com.

Changpeng Zhao’s release date from FCI Lompoc II has been extended to September 29. CZ’s delayed entry into custody shifted his prison term timeline, initially set for Seatac. Legal adjustments and protections, including due process rights, influenced CZ’s sentencing and facility placement. Changpeng Zhao (CZ), the founder of Binance, will not be released from prison on August 30 as some had anticipated. His release from Federal Correctional Institution Lompoc II, a low-security federal prison three hours north of Los Angeles, is now scheduled for September 29, assuming no changes to his situation occur. Earlier this year, U.S. District Judge Richard Jones sentenced CZ to a four-month term, initially recommending his detention at the Federal Detention Center (FDC) in SeaTac, Washington. The sentence was handed down on April 30, leading many to believe that CZ’s release date would be August 30, assuming immediate imprisonment. However, CZ’s actual entry into the Bureau of Prisons (BOP) system occurred much later. @cz_binance was sentenced to four months in prison on Tuesday, April 30, 2024. If he had started his jail time right away, his due date to be a… The post Why Binance Founder CZ Won’t Be Leaving Prison Until September appeared first on Coin Edition. Source: https://coinedition.com/why-binance-founder-cz-wont-be-leaving-prison-until-september/

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Filed under: News - @ July 27, 2024 12:28 am