cz Zhao Changpeng will be released from prison on September 29

Abstract: On July 26, according to Protos reports, some Binance fans shared their expectations on the X platform that Binance founder Changpeng Zhao plans to complete his sentence on August 30. However, fact checking showed that he actually will not be released on this date.

Back on April 30, U.S. District Judge Richard Jones sentenced Zhao Changpeng to four months in a Seattle prison and recommended that he be sent to the Seattle-Tacoma International Airport Prison (Seatac). This decision initially led to widespread speculation that if Zhao Changpeng was imprisoned immediately, August 30 should be the day of his release. However, Zhao Changpeng's legal team actively intervened to gain more free time for him. Their efforts allowed Zhao Changpeng to be jailed until late May, and instead of being admitted to Seatac as originally planned, he was transferred to FCI Lompoc II, a low-security federal prison located three hours north of Los Angeles.

Currently, according to the verification of the Bureau of Prisons database, Zhao Changpeng is indeed in FCI Lompoc II. As for his exact release date, unless circumstances change, it has been determined to be September 29, not August 30 as previously widely circulated.

This week, some Binance fans took to X (formerly Twitter) to share their excitement about the exchange’s founder Changpeng Zhao (CZ), who is scheduled to complete his prison sentence on August 30. Unfortunately for them and Changpeng Zhao, a quick fact check revealed that he would not actually be released before that date.

On April 30, U.S. District Judge Richard Jones sentenced CZ to four months in the Seattle jail and recommended him to the prison and administrative security federal detention center Seatac.

Many observers seem to believe that CZ entered the Seattle airport that day, so August 30th is indeed his release date. However, CZ's attorneys (from the prestigious law firms of Quinn Emanuel Urquhart & Sullivan, Davis Wright Tremaine and Latham & Watkins) worked diligently to secure him a few extra weeks of freedom.

As of May 16, CZ had not yet entered a Bureau of Prisons detention facility, and it was not until days later that a late May jail date was set for CZ, his attorney, and the Office of Probation and Pretrial Services.

A current check of the Bureau of Prisons database also shows that CZ is not at the Seattle Airport but is being held at Lompoc II Federal Correctional Facility, a low-security federal prison three hours north of Los Angeles .

When will CZ be released from prison?

Unless CZ’s situation changes, he will not be leaving FCI Lompoc II on August 30th. Instead, his current release date is scheduled for September 29.

As Protos reported last month, the Fifth Amendment to the U.S. Constitution guarantees due process to everyone in the United States, including non-citizens like CZ. This set of safeguards includes all the peculiarities of CZ's sentence, including the fact that he was incarcerated nearly a month after his sentencing, the lower-security prison where he is being held, the fact that he is not serving time at Seattle International Airport, and the delays during earlier court proceedings.

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