Changpeng Zhao Breaks Silence After Being Released from Prison
- CZ has shared his first experience as a free man.
- The former Binance CEO was released from prison on Friday.
- CZ also highlighted his next initiatives as a long-term investor.
Binance founder Changpeng Zhao (CZ) has made a public statement for the first time after completing his prison sentence.
In April, the former CEO was sentenced to four months in prison for violating the Bank Secrecy Act (BSA) by failing to implement a proper AML program at Binance. He served three months at a low-security prison in California before being transferred to a halfway house in Long Beach.
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CZ’s release came two days ahead of his scheduled release date on September 29. This is because the U.S. Bureau of Prisons is legally allowed to free prisoners early if their release date coincides with a weekend or holiday.
CZ’s First Statement Post-Prison
On September 29, Changpeng Zhao shared a long post on X, highlighting his first experience as a free man and several initiatives he planned to undertake in his next chapter of life.
“GM, the food taste so good... And what a luxury to be able to have more than one piece of fruit per day!” CZ wrote. “I know some of you may have a lot of questions. I won't have all the answers.”Noting that there are more opportunities in the future than in the past, CZ said he would support decentralized technologies, AI, and biotech as a long-term investor who cared about “impact” instead of returns.
In addition to dedicating more time and funding to charity courses, the former Binance CEO is keen on being part of the Giggle Academy “for the next few years.” CZ launched the project in March to provide free education to grades 1-12 children in developing countries.
Per the post, CZ will also spend some time writing his book, which he said was 2/3 done, and would see it through soon.
Stay updated on Binance’s position regarding WazirX’s ownership claims:
Binance Fires Back at WazirX Ownership Claims Before and After Hack
Read how the SEC could win an appeal on Ripple’s XRP ruling:
How Ripple Could Lose Against an SEC Appeal on XRP Ruling
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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