# Binance founder Zhao Changpeng released, market outlook optimistic

According to Cointelegraph, Binance founder Zhao Changpeng (CZ) was released from a US federal prison on September 27 after being sentenced to four months in prison for violating anti-money laundering (AML) regulations. CZ admitted that he failed to implement proper AML controls at Binance and resigned as CEO.

Despite legal challenges, Binance continues to thrive under the leadership of the existing team, with more than 230 million users worldwide. CZ's return is seen as a positive sign for the market, heralding more innovation and growth in the future.