Binance founder Zhao has been released from US custody, Bloomberg News By Reuters reports

(Reuters) – Binance founder Changpeng Zhao was released from a California correctional facility on Friday, Bloomberg News reported, citing a Bureau of Prisons spokesman.

Former CEO Zhao was sentenced to four months in prison earlier this year after pleading guilty to violating US anti-money laundering laws at the world’s largest cryptocurrency exchange.

Reuters could not immediately reach the Bureau of Prisons for comment.

Prosecutors said Binance adopted a model that welcomed criminals and failed to report more than 100,000 suspicious transactions with designated terrorist groups, including Hamas, Al-Qaeda and the Islamic State.

They also said that Zhao’s exchange supported the sale of child sexual abuse material and received a large portion of the proceeds from the ransomware.

Binance agreed to a $4.32 billion penalty, and Zhao paid a $50 million criminal fine plus $50 million to the US Commodity Futures Trading Commission.