CZ has begun his 4-month prison sentence

Changpeng Zhao (CZ), the founder of Binance, has started a four-month prison sentence in California.

He becomes the wealthiest person to serve time in a US federal prison as he reports for his 4-month sentence. He will be at the minimum-security prison in Lompoc, where inmates work on horse farms and spend most of their day outdoors (what a joke).

This follows his guilty plea in November 2023 to charges of facilitating money laundering through the Binance platform.

Oddly enough, BNB is up on the day, showing truly how degenerate some people are.