Former Chinese billionaire Zhao Changpeng was born in China, and more than half of his wealth came from China.
But after achieving success, he repeatedly denied his Chinese origin in public.
Firmly believing that 'the moon is rounder abroad,' Zhao Changpeng, carrying the wealth earned in China, was willing to stick his warm face against the cold backside to emigrate abroad.
In the free United States, happy every day. Influenced by foreign ideas from a young age, Zhao Changpeng both feared and yearned for that land.
But the beautiful country, which he longed for, slapped him hard in the face.
Faced with the 4.5 billion fine proposed by the United States, Zhao Changpeng readily agreed to it for a better life, but the nightmare was just beginning.
Zhao Changpeng was born into a relatively wealthy family; he couldn't be called a millionaire, but he was much better off than ordinary people.
When he was 12, his parents resolutely gave up their nationality and took him to immigrate to Canada.
Zhao Changpeng's family enjoyed good living conditions in the country, but once abroad, their past affluence became negligible, and they even fell into a somewhat tight situation.
To subsidize his family, Zhao Changpeng began to work part-time at various convenience stores, earning 24 dollars an hour, just enough for his daily expenses.
Perhaps this working experience made Zhao Changpeng deeply realize the importance of wealth.
So he worked hard to study, got into Canada's best university, and pursued the then-popular computer science major.
With a high education, Zhao Changpeng did not have to worry about finding a job after graduation and smoothly joined the Tokyo Stock Exchange.
But it can only be said that he was out of luck; he encountered Japan's economic recession, making it difficult to showcase his skills on the exchange.
To realize his ambitions, Zhao Changpeng arrived at Bloomberg Trading Company in New York.
After working for a while, Zhao Changpeng deeply felt that working for others was never as free as becoming his own boss and starting his own business.
After making up his mind, Zhao Changpeng rushed to Shanghai and resolutely embarked on his entrepreneurial journey.
In 2013, Zhao Changpeng, who had successfully established his company, encountered Li Qiyuan at a card table.
Speaking of Li Qiyuan, the founder of Bitcoin, it took him only two years to develop the company from nothing to the top of the world.
It can be said that everyone who came to this card table today wanted to get close to Li Qiyuan and share a piece of the pie.
At that time, Zhao Changpeng was just a startup rookie and did not rank on the card table.
While he was still thinking about how to strike up a conversation, Li Qiyuan took the initiative to approach him.
Zhao Changpeng did not yet have a complete understanding of Bitcoin; initially, he was merely echoing Li Qiyuan, lacking independent insights and deep understanding.
But when he heard that 'Bitcoin is the future,' he put away his nonchalance.
He showed great interest in this virtual currency that punches inflation and kicks economic crises.
Perhaps Li Qiyuan was just looking for someone to talk to out of boredom and would forget in a few days.
But Zhao Changpeng dreamed of how to make Bitcoin succeed, for which he even closed down the company he was starting.
He was completely immersed in the wave of Bitcoin, returning to being a worker and joining Blockchain Company.
At this company, he met a benefactor in the industry - He Yi, who was then the vice president of OKcoin, and now, He Yi has become his wife.
Introduced by He Yi, Zhao Changpeng joined OKcoin as a partner investor and officially touched the threshold of Bitcoin.
With a firm belief in Bitcoin, Zhao Changpeng sold his property in Shanghai, invested all his savings, and resolutely plunged into it.
Those who can enter the cryptocurrency circle are tough, but someone like Zhao Changpeng, who leaves no way out for himself, must become a wolfman, just a bit tougher than the tough guys.
Fate seemed to play tricks on him; a year later, Bitcoin's price suffered a drastic decline while Shanghai's housing prices soared.
Many in the industry mocked Zhao Changpeng for his poor choice, but Zhao Changpeng, who had been immersed in the industry for many years, was not worried at all - let the bullets fly for a while.
Before he could make a comeback, Zhao Changpeng first clashed with the company's CEO.
Due to differences in philosophy, Zhao Changpeng resolutely decided to start anew and run his own business.
In 2017, as Bitcoin entered its golden year, Zhao Changpeng took the opportunity to establish his own company - Binance.
In just three months, Binance successfully attracted over six million users, with profits exceeding 7.5 million dollars.
In less than half a year, Binance's profit reached 200 million dollars, becoming the largest cryptocurrency exchange in the world.
However, good times did not last long, and soon the country issued a ban, forcing Zhao Changpeng to wander with all his possessions.
Perhaps out of resentment towards his country, Zhao Changpeng repeatedly challenged openly after being expelled, claiming he was not Chinese.
This was not a wise move for Zhao Changpeng at the time.
Having fallen out with his birthplace, Zhao Changpeng, holding a large sum of money, soon attracted the covetous eyes of the beautiful country.
However, most of his wealth was in cryptocurrency platforms, which the beautiful country wanted to seize but found difficult to do.
Moreover, Zhao Changpeng and his team became 'global wanderers', moving around without a fixed place, making it difficult for the beautiful country to catch them.
Zhao Changpeng understood that holding the world's largest cryptocurrency exchange in his hands, he would eventually be targeted by the beautiful country.
So he moved his whole family to the UAE, a country that does not have an extradition treaty with the beautiful country.
Just when Zhao Changpeng thought he could rest easy with his wealth, the beautiful country came with a big move.
Zhao Changpeng became a terrorist, and the beautiful country presented a report stating that he had transactions with various terrorist organizations.
Everyone knows that 'to crack down on gangs needs a charge, while anti-terrorism only requires coordinates.'
No matter where Zhao Changpeng hides, the beautiful country has the capability to strike him down instantly.
At this point, Zhao Changpeng panicked; if he lost his life, what use would all his assets be?
To save his own life, Zhao Changpeng took the initiative to contact the beautiful country and stated that as long as they needed, he could offer 4.5 billion dollars to plead for leniency.
Even more outrageous, Zhao Changpeng completely provided customer information to the beautiful country.
However, this 4.5 billion dollars and the customers' personal privacy not only failed to remain intact but instead fed the appetite of the robbers.
Seeing Zhao Changpeng pay the fine so decisively, the beautiful country suddenly had a plan: coax this money bag to its territory, and it would not be easy for them to be taken advantage of.
So they sent a signal to Zhao Changpeng: as long as you come, everything is negotiable.
Hearing the words from the beautiful country, Zhao Changpeng could only think of clearing his own suspicions; he had no choice but to believe and hurriedly purchased a ticket to the beautiful country.
The moment he landed, his fate was no longer in his hands.
In November 2023, Zhao Changpeng believed in the beautiful country, thinking that as long as he signed the confession and paid the fine, everything would be over.
Thus, Zhao Changpeng took out the previously agreed 4 billion dollars for the company’s fine, and he himself needed to pay a 500 million dollar bail because he confessed.
However, the beautiful country's shamelessness knows no bounds; once the money is in hand, they immediately turn hostile. After all, Zhao Changpeng is still in their territory, and they still have the final say.
After being restricted in freedom, Zhao Changpeng soon received a notice of a 2.85 billion dollar fine again.
In total, he has already paid over 7 billion dollars in fines, yet the matter is far from over.
The beautiful country would not rest until it had drained the last drop of oil.
In April 2024, the beautiful country painstakingly dug out a new charge; if confirmed, Zhao Changpeng would face up to 36 months in prison.
However, thanks to his reliable legal team and support from various sectors.
Eventually, Zhao Changpeng was sentenced to 4 months in prison and returned to society on September 29.
Once glorious, Zhao Changpeng completely fell in the United States, dropping from a great height to become a prisoner.
Ultimately, the facts tell us that no matter how glorious the billionaire is, he cannot compete with another level of big boss.
If Zhao Changpeng had not opposed the country at that time, what situation might have unfolded? What do you think?
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