Don't underestimate CZ. He deserves respect.

When the intrinsic value of an industry falls short of the capital it has absorbed, society tends to view this as a "sin." In such cases, the ones labeled as sinners are those who built and participated in the industry. Society singles out the most influential figure as the guilty party, holding them responsible for the industry's failure to grow properly. Although many have committed wrongdoings, only a few atone for the industry's "sins."

From the perspective of established society, the crypto industry carries many "sins." It has absorbed tremendous capital, yet its intrinsic value has not grown proportionately. Like other young and immature industries, crime was rampant—part of its growing pains.

On September 29, CZ (Changpeng Zhao), co-founder and former CEO of Binance, will be released from four months of detention. While he has certainly made mistakes, his detention also carries a vicarious element, representing the industry's growing pains. CZ is a businessman deserving of respect. Without Binance, the crypto industry would not have attracted the immense global liquidity it benefits from today.

It's crucial to distinguish his merits from his faults clearly. In my view, @cz_binance's achievements far outweigh his mistakes. He has paid his fines, and his detention is nearing an end. The industry should begin to see him in a new light.