CZ, as most people know him, will not be getting out of prison on August 30. Instead, his release date is September 29. He is currently incarcerated at the Federal Correctional Institution Lompoc II, a maximum-security federal prison three hours north of Los Angeles.

This week, some Binance on X (formerly Twitter) were excited, thinking CZ would be getting out of prison at the end of August. But they are wrong. A quick fact check shows that he will not be released by that date.

Back on April 30, U.S. District Judge Richard Jones sentenced CZ to four months in prison. The judge suggested Seatac, a federal detention center in Seattle.

Some thought CZ went straight to Seatac that day. If he had, he would have been out on August 30. But his lawyers have been working hard to get him extra time outside. He did not start his sentence right away.