Fortune Magazine: Zhao Changpeng released early, Binance founder returns to freedom
Changpeng Zhao, the founder of Binance, will regain his freedom early this Friday after months in federal detention, which is the early end of his five-month sentence for Binance's failure to implement adequate anti-money laundering controls. He has been incarcerated in the United States since April.
Despite facing restrictions under the criminal settlement agreement that require him to resign as Binance CEO and stay away from the company's daily activities, Zhao Changpeng will still be the company's largest shareholder and is expected to have an impact on Binance's future. His personal wealth is about $60 billion, ranking 25th in the world.
Zhao Changpeng's first stop is said to be Dubai or Paris, where he will be reunited with his family, especially his children and mother He Yi. With his legal problems resolved, he may turn his attention to the cryptocurrency industry, although according to the criminal settlement agreement, he must resign as Binance CEO and stay away from the company's daily activities.
Nevertheless, Zhao Changpeng remains Binance's largest shareholder and is expected to have a significant influence on the company's future direction. A Binance spokesperson said that although he no longer manages or operates Binance, we still look forward to Zhao Changpeng's next move. At the same time, under the leadership of the current team, Binance continues to thrive, with more than 229 million users worldwide.
Zhao Changpeng is only 47 years old and is in the prime of his career. As his second act begins, his influence is expected to continue to play a role in the cryptocurrency and business fields.
