Zhao Changpeng Discusses Future in Cryptocurrency Post-Imprisonment and Hurun Rich List Standing
Zhao Changpeng's Dismissal of Return to Binance
Zhao Changpeng, widely known as CZ, co-founder of Binance, announced he has no intention of returning as chief executive of the cryptocurrency exchange following his imprisonment. After serving four months in a California prison for failing to comply with anti-money-laundering regulations, Zhao remarked, “I don’t have any need to go back. I don’t have any wish to go back.”
Wealth Surge and Hurun Rich List Position
Despite a $50 million penalty from his plea deal, Zhao’s wealth has seen a significant boost, primarily due to the swelling cryptocurrency market. His fortune now stands at 135 billion yuan ($19 billion), making him the 16th richest entrepreneur in China, as per the latest Hurun Rich List.
Post-Prison Plans and New Ventures
- Zhao is now focusing on educational projects like Giggle Academy.
- He is also investing in blockchain, artificial intelligence, and biotechnology.
- He mentioned enjoying his interactions with fellow inmates during his sentence.
His experience in prison, while restrictive, led to unexpected friendships, and he plans to assist others in navigating their legal challenges.
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