In the latest development, Changpeng Zhao, the former CEO of Binance, has been transferred from prison to a halfway house at the Residential Reentry Management office in Long Beach, California. While there were false rumors and speculation that Zhao has been officially released from all custody, recent federal inmate trackers have been updated to show that Zhao is in a halfway house. Zhao, who began serving his sentence in late May for violating U.S. anti-money laundering laws, is scheduled to be released on September 29.

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