Securities Times: If everything goes well, Zhao Changpeng will be released from prison on September 29

ChainCatcher news, according to a report by the Securities Times public account, "former Chinese billionaire" Zhao Changpeng has confirmed that he is about to be released from prison. According to relevant reporters from the Bureau of Prisons' official website, Zhao Changpeng's current location has been updated to the Residential Reentry Management (RRM) in Long Beach, California. This means he is undergoing preparation and assessment for reintegration into society. If everything goes smoothly, he will return to society on September 29.

It is reported that Zhao Changpeng was born in Lianyungang, Jiangsu, and is a Chinese-Canadian entrepreneur. In 2017, Zhao Changpeng founded Binance and quickly became a global cryptocurrency exchange, providing a trading platform for over 150 cryptocurrencies.

In 2017, Zhao Changpeng founded Binance and quickly became a global cryptocurrency exchange, providing a trading platform for over 150 cryptocurrencies. By the end of 2021, amid a surge in Bitcoin and many other cryptocurrencies, Zhao Changpeng was ranked as the richest Chinese billionaire with a net worth of $94.1 billion (approximately 634.8 billion RMB). According to Forbes' rankings, as of April 2024, Zhao Changpeng still has a wealth of over $30 billion.