According to the latest development, Binance founder Changpeng Zhao surrendered to a low-security prison in California. Binance's billionaire founder Changpeng Zhao has surrendered to a low-security federal prison in Lompoc, California. The former CEO of the world's largest cryptocurrency exchange is currently in prison, it has been confirmed by his defense team at Latham & Continue Reading: BREAKING: Binance Founder Changpeng Zhao (CZ) Has Entered Prison