Richard

April

Coin

<ul class="news-points">
 <li>Changpeng Zhao’s release date from FCI Lompoc II has been extended to September 29.</li>
 <li>CZ’s delayed entry into custody shifted his prison term timeline, initially set for Seatac.</li>
 <li>Legal adjustments and protections, including due process rights, influenced CZ’s sentencing and facility placement.</li>
</ul>
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 <a href="https://coinedition.com/court-rules-changpeng-zhaos-4-month-sentence-prosecutors-criticize/" rel="noopener noreferrer nofollow">to a four-month term</a>, 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.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
 <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 <a href="https://twitter.com/cz_binance?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">@cz_binance</a> 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…
 </blockquote>
 </div>
</figure>
The post <a href="https://coinedition.com/why-binance-founder-cz-wont-be-leaving-prison-until-september/" rel="noopener noreferrer nofollow">Why Binance Founder CZ Won’t Be Leaving Prison Until September</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.

Why Binance Founder CZ Won’t Be Leaving Prison Until September

Coin Edition

Other articles published on Jul 26, 2024

Mt. Gox Users Report Surge in Unauthorized Login Attempts

Wall Street Expert Sees 20x Potential In Ripple Via XRP And IPO

BlackRock’s IBIT ETF with $70.75M Surge Outshines Competitors!

XRP Price Positioned for a Surge: Is Another Rally on the Horizon?

OpenAI Develops New AI-Powered Search Engine

Looking Back at Pi Network’s ‘Pi2Day Challenge’

Join our free newsletter for daily crypto updates!