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Binance’s ex-CEO begins prison sentence in California

by Editor May 31, 2024, 10:03 pm 1.5k Views

Binance's ex-CEO begins prison sentence in California

Former Binance CEO Changpeng Zhao, center, departs federal court in Seattle on April 30, 2024.

Jason Redmond | AFP | Getty Images

Binance’s billionaire founder Changpeng Zhao has reported to a low-security federal prison in Lompoc, California. CNBC reached out to Zhao’s defense team at Latham & Watkins to confirm that the former crypto chief is now in custody.

Zhao was sentenced to four months in prison in April after pleading guilty to charges…

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