cryptonewsland.com
- CZ shifts focus to Giggle Academy and tech innovations post-prison, aiming for long-term impact over profit.
- Despite DOJ restrictions, CZ retains significant influence at Binance with a 90% ownership stake.
- Former Binance CEO CZ nears completion of his book, emphasizing insights into tech and crypto worlds.
Changpeng Zhao, the former CEO of Binance, recently released a broad post detailing his experiences and future intentions after serving a prison sentence. Known widely as CZ, he spent four months detained following a conviction that led him to report to federal prison in early June.
In his post, CZ described his time in prison as a significant personal reflection and expressed gratitude toward the cryptocurrency community for their support during his challenging times.
gm, the food taste so good… And what a luxury to be able to have more than one piece of fruit per day!
— CZ 🔶 BNB (@cz_binance) September 29, 2024
I know some of you may have a lot of questions. I won't have all the answers.
Let me chill for a bit. Then figure out the next steps. There are always more opportunities in… https://t.co/9hvgp8Bo97
CZ detailed that despite the constraints of his imprisonment, simple pleasures like enjoying a piece of fruit became significant, emphasizing a shift in perspective on life’s luxuries. His focus has now turned towards Giggle Academy, an educational project he considers a significant part of his future.
Furthermore, CZ reiterated his commitment to blockchain, decentralized finance, artificial intelligence, and biotech sectors, marking a clear path for his long-term investment strategy centered on impactful innovations rather than immediate financial returns.
CZ’s Continued Influence on Binance
Following his departure from the daily operations at Binance, CZ commented on the cryptocurrency exchange’s performance, noting its success even in his absence, which he considers a testament to the robust foundation he helped build.
Despite the Department of Justice barring him from resuming a leadership role at Binance, CZ’s substantial ownership stake ensures his continuing influence over the company’s strategic direction. This situation underscores a complex dynamic where his formal role has diminished, but his impact remains significant due to his majority stake.
The ongoing development of his book, which CZ admitted has been more challenging than anticipated, is about two-thirds complete. This endeavor appears to be a personal milestone for CZ, providing him with an avenue to document his journey and insights into the tech and crypto worlds.
Moreover, CZ has hinted at his plans to increase his philanthropic activities, focusing particularly on education and charity, aiming to give back to the community that has supported him throughout his ordeal.