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International Business Times

Business

Marvie Basilan

Bull Run Next? Crypto Community Prepares To Welcome Binance's CZ From Prison

Binance Changpeng CZ Zhao Crypto Changpeng Zhao Prison Caroline Ellison Sam Bankman-Fried FTX SBF

Binance co-founder and ex-CEO Changpeng "CZ" Zhao is due to be released from prison on Sunday after serving four months. (Credit: AFP)

KEY POINTS

CZ pled guilty to failing to set up adequate consumer protection features for Binance users
Crypto users are expecting a bull run in the crypto market considering the timing of CZ's release
Zhao previously said he has closed the chapter of his life in Binance and is looking to focus on education

After serving four months in jail following his guilty plea for failing to establish adequate guardrails to protect Binance users, co-founder and former CEO Changpeng Zhao, dearly known as CZ in the cryptocurrency community, is set for release on Sunday.

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