Changpeng Zhao (CZ), the billionaire founder of Binance, has begun a four-month prison sentence at a low-security federal facility in Lompoc, California. Latham & Watkins, Zhao’s defense team, confirmed the former crypto executive is now in custody. In April, Zhao was sentenced after pleading guilty to charges related to enabling money laundering through his cryptocurrency The post The Fall of CZ: Binance Founder Begins Prison Sentence appeared first on Coin Edition .