On August 22nd, the US Federal Bureau of Prisons officially designated Changpeng Zhao, the former CEO of Binance, as an inmate of the Residential Reentry Management Long Beach field office. This move comes as Zhao nears his expected release date in September. Despite his high profile in the world of finance and cryptocurrency, Zhao is now subject to the same protocols and regulations as any other inmate in the custody of a federal field office.