Binance founder Changpeng Zhao, or “CZ,” is back in the limelight after serving four months in jail. One of Zhao’s first public appearances was at the Binance Blockchain Week conference, where he discussed his experience, future plans, and current relationship with the exchange he founded.
In a podcast, Zhao shared his experiences while outside the public eye. For Zhao, what he missed the most was human connections. It can be remembered that the Binance founder was charged with violations of the Banking Secrecy Act and accepted a plea agreement with the authorities.
He lamented that he was the first to serve jail time for this violation. The Binance founder added that there were other high-profile cases, such as the $1.8 billion fine on TD Bank, yet no person was charged for this fiasco.
Zhao Maintains He’s No Longer Involved With Binance Operations
CZ, in that podcast, spoke at great lengths about his relationship and prospects with the exchange that he established. He also pointed out that he still remained one of its major stockholders but was no longer on the management team.
He also shot down the reports that he was banned from managing cryptocurrency exchanges for a “lifetime.” Zhao added that a ban was not included in last year’s plea agreement.
Bitcoin market cap currently at $1.36 trillion. Chart: TradingView.com
He added that he’s now focusing on other ventures, including the Giggle Academy, and shared that he had investments in AI, blockchain, and biotech. Although he’s one of the biggest stockholders, Zhao clearly stated that he’s no longer keen on returning to help in operations.
Zhao Remains Optimistic About Crypto’s Future
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Author: Christian Encila
