Changpeng 'CZ' Zhao was sentenced to four months in prison after pleading guilty to violating the Bank Secrecy Act, specifically for lacking an adequate KYC program at Binance.
The U.S. Department of Justice allows inmates scheduled for release on weekends or holidays to be released early, which could apply to CZ's situation.
A Binance spokesperson expressed delight at CZ's potential release, mentioning that despite his absence, Binance has thrived with a current user base of over 230 million globally.
CZ's incarceration lasted 116 days, split between a low-security prison and a halfway house, emphasizing the impact of his legal issues on his operations at Binance.
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