The founder of a well-known encryption exchange is about to be released, with a net worth of 47.7 billion USD still at the top of the industry.

Recent news indicates that a well-known crypto assets trading platform founder is expected to be released on September 29. He has currently been transferred from a low-security prison in Southern California to RRM Long Beach, which is a transitional housing project designed to prepare inmates for reintegration into society upon their upcoming release. RRM, or the Residential Reentry Management Office, is commonly referred to as a "halfway house."

Despite rumors that the founder has been released from prison, in fact, he is still under government supervision and cannot move freely for the time being. It is expected that he will regain his freedom by the end of September and may return to Dubai to reunite with his family. Since pleading guilty last November, the founder has not left the United States.

It is worth noting that even after reaching a settlement with the U.S. government, this founder remains one of the wealthiest figures in the Crypto Assets space, with a latest estimated net worth of $47.7 billion. As part of the settlement agreement, he is prohibited from operating or managing the trading platform he founded for the next three years.

Regarding future plans, the founder stated that they plan to use this time to focus on education and other business areas such as passive investment. This shift may have a certain impact on the landscape of the Crypto Assets industry, while also sparking numerous speculations within the industry about its future development direction.