Binance founder Changpeng Zhao, a.k.a CZ, has reported to a low-security California facility in order to begin his four-month federal prison term as the country's richest inmate. 

Zhao was given a four-month sentence and a $50 million personal fine in April following his guilty plea in November 2023 to failing to implement proper anti-money laundering protocols at Binance, the world's biggest crypto exchange. Binance itself agreed to pay $4.3 billion in one of the largest monetary settlements in history, sparking mixed reactions from the crypto community. 

"It appears CZ will not benefit from any earned time credit programs, and he is expected to serve the full 120 days in federal prison," Sam Mangel, who works as a federal prison consultant, told The Block in April. "Though …