Binance Founder CZ Is Still Not In Jail, Waiting For Specific Notice About Sentence Time

Key Points:

• Binance founder CZ has not yet been jailed as he awaits notification from the Probation or Pretrial Services Office due to procedural requirements and Fifth Amendment protections.
• The delay in imprisonment is attributed to statutory reviews being conducted by the Bureau of Prisons to ensure the suitability of the SeaTac facility for Zhao’s circumstances.
• Zhao’s legal team, comprising lawyers from top-tier law firms, has utilized legal avenues to postpone the commencement of his prison term.

According to reports from Protos, Changpeng Zhao (CZ), the founder of Binance, has not yet been incarcerated as he awaits notification from the Probation or Pretrial Services Office.

Binance Founder CZ Awaits Prison Notification Amid Procedural Delays

The Bureau of Prisons is undergoing statutory reviews to determine if a specific cell at the SeaTac Federal Detention Center and Prison in Seattle-Tacoma International Airport is suitable for his individual circumstances. This delay in imprisonment is due to the procedural requirements of the criminal justice system and the protection of due process guaranteed by the Fifth Amendment.

Federal statute 18 U.S.C. § 3585(a) stipulates that a criminal’s sentence commences when they are received in custody awaiting transportation to the designated detention facility. The Binance founder CZ received the judgment type where the Probation or Pretrial Services Office is authorized to notify him of his entry date into prison.

Before designating a criminal to prison, the Bureau of Prisons must consider various factors, including the facility’s resources, the nature of the offense, the offender’s history, any court recommendations, and policy statements from the US Sentencing Commission. This meticulous process ensures adherence to due process rights.

Legal Maneuvering Delays Commencement of Zhao’s Prison Term

Unlike straightforward cases where criminals are immediately sent to prison upon sentencing, Zhao‘s situation involved uncertainties regarding his sentencing outcome. With the assistance of a formidable legal team from prestigious law firms, Zhao’s lawyers have utilized legal avenues to delay the commencement of his prison term.

Binance founder CZ will enter prison upon notification from the Probation or Pretrial Services Office, which is currently reviewing the suitability of SeaTac to Zhao’s circumstances to prevent any legal challenges regarding due process violations.