Founder and former CEO of Binance, the world’s largest cryptocurrency exchange Changpeng Zhao (CZ) was released on September 27 after completing his four-month prison sentence. CZ faced federal charges as a result of the investigation launched by the US Department of Justice and was sent to Lompoc II prison to serve his sentence. Making a general statement on social media for the first time after his release, CZ emphasized that there are more opportunities in the future and stated that he will focus on philanthropy and education.
2nd Tweet from CZ After His Release
US Department of Justice in November 2023 Binance He accused the exchange of violating money laundering laws, conducting unlicensed money transfers and violating sanctions. As a result of these accusations, Binance agreed to pay a penalty of $ 4 billion. This penalty went down in history as the largest financial settlement received by a company for accusations involving an executive. C.Z. He was sentenced to four months in prison and banned from management positions at Binance. Although prosecutors requested a three-year prison sentence for CZ, the court settled for a lighter sentence.
CZ, who completed his prison sentence, tweeted another one today, following the GM tweet he sent on the first day, and said, “GM, the taste of the food is very good… Being able to eat more than one fruit a day is truly a great luxury. I need to get some rest and determine next steps. “There are always more opportunities than in the past,” he said.
He also stated that he will continue to invest in areas such as Blockchain and artificial intelligence, and that he is interested in projects that have an impact as a long-term investor. CZ added that he will devote more time and resources to philanthropy and education.
New Era in the Cryptocurrency Industry
Following CZ’s release, Binance said, “We are happy that CZ has returned home with his family. “Even though he doesn’t manage or operate Binance, we can’t wait to see what he does next.” cryptocurrency This development, which is eagerly awaited in the world, is seen as the beginning of a new era for the sector.
Although this incident has shaken the credibility of the cryptocurrency world, and especially Binance, CZ’s next steps are of great importance for the future of the cryptocurrency industry. CZ’s release cryptocurrency worldWhile he creates curiosity and excitement in the industry, the role he will play next as one of the important figures of the industry will be watched carefully.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
