Binance founder Changpeng Zhao, also known as CZ, was released from prison and quickly shared his future plans. These involve focusing on education through his initiative, Giggle Academy, and dedicating more time to charitable activities. He intends to continue attending crypto-related conferences and finish writing his book.
Zhao highlighted the importance of personal freedom and reflected on his past, emphasizing the lessons learned. He has no plans to return to Binance in a leadership role but will stay active in the blockchain space as an investor and mentor.
The article also mentions CZ's legal troubles, detailing the US Department of Justice’s investigation into Binance, which began in 2018. The investigation led to charges of violating Anti-Money Laundering (AML) laws, unlicensed money transmission, and sanctions violations, culminating in CZ’s guilty plea and resignation from his CEO role.
Zhao's personal wealth remains mostly unaffected despite his legal challenges. He retains a 90% stake in Binance, according to Forbes estimates, and holds significant amounts of Binance Coin (BNB). The price of BNB saw fluctuations following his release.
Overall, Zhao seems focused on making a positive impact in the crypto community and beyond, leveraging his experiences and resources for education and philanthropy.
