Cory Gunz was released from jail yesterday evening (January 29) following his arrest for carrying a loaded gun after posting $7,500 of his $30,000 bail, XXL has learned.

"Home," a simple tweet from Gunz, born Peter Pankey, Jr., read shortly after his release last night.

Gunz, a member of Lil Wayne's Young Money crew, was arrested over the weekend and charged with criminal possession of a weapon in the second degree when cops discovered a loaded, unregistered Taurus .9mm handgun in his backpack.

His father, legendary rapper Peter Gunz, told MTV News yesterday that his son was arrested at around 2 p.m. on the corner of Westchester Ave. and Ward Ave. in the Soundview area of the Bronx on Saturday (January 28) when police found the loaded gun. The Young Money MC was initially brought to the 43rd Precinct in the Bronx but was then moved to Central Booking on E. 161st Street in the Bronx, according to the report.

Nick Cannon, who works closely with Cory, tweeted on Sunday: "great dude, just a little bad luck. @CoryGunz is holding strong and will be out shortly. Family is here if and when anything is needed."

Cory was apprehended when police officers were called to a Bronx neighborhood after a fight broke out. The cops immediately got canvases of those involved, one of which seemed to be Cory Gunz, after getting descriptions from bystanders. They stopped Gunz as he was getting out of a cab and discovered he had a loaded gun in his backpack as well as a face mask, a source close to the "6 Foot 7 Foot" rapper tells XXL.

"It was definitely an illegal search," Peter Gunz told MTV News about the event that lead to his son's arrest. "He just got out of a cab and police ran up on him and they were in plainclothes. He didn't know they were cops - he thought he was getting robbed," he later told the Daily News.

Still, the 24-year-old rhymeslinger seems regretful, later tweeting, "Lock My Body, Kan't Trap My Mind...." and "I apologize to all of my Supporters, Friends and Family. Things Happen, No excuses. My only regret is letting ya'll down... Peace."

He also explained to the Daily News shortly after being released, “This was a big mistake on my part. I didn’t have any intentions of harming anyone or committing a criminal activity. So many young people look up to me and I need to fight though this. It’s been really hard, really stressful. When the smoke finally clears people will understand what was going on.”

Cory Gunz, a father of two young girls, faces a mandatory minimum sentence of three and 1/2 years if convicted.—Mariel Concepcion @mceezy