As first revealed by Fortune magazine, Binance founder Changpeng Zhao (CZ) will be freed early on Friday after months in prison. Changpeng Zhao, the founder of Binance, the world's largest cryptocurrency exchange, has been serving a four-month prison sentence since April for failing to implement adequate anti-money laundering measures. Initially held in a minimum-security prison in California, he was later transferred to a transitional housing center in Long Beach, where he was given some freedoms, such as supervised outings and movies. His official release date was two days earlier than scheduled, as it is customary to release prisoners before the weekend.

CZ returns to freedom, next step to attract attention

Fortune magazine is paying close attention to Changpeng Zhao's rumored $60 billion fortune, which, if true, would put him at No. 25 on the world's richest list. With the legal dispute over, Zhao Changpeng will return to society and may launch a series of major projects. Although he has not publicly commented on his future plans, and his lawyer refused to be interviewed on the day he was released from prison, there is a lot of speculation about the future movements of this rich man in the cryptocurrency industry.

However, according to Lianxin’s investigation into the agreement reached between Binance and the U.S. court, he will no longer be able to intervene in Binance affairs. However, there are bound to be many forces that covet the power of CZ and want to cooperate and fight.

Reunion with family may be the most important thing

After Changpeng Zhao is released from prison, he is likely to go to Dubai or Paris, where his children and their mother, a Binance executive, live. The release was seen as an opportunity to reunite with his family, including his sister, mother and son who had supported him during his sentencing earlier this year. Changpeng Zhao has reflected on his estranged relationship with his father, so he may seize this opportunity to focus on strengthening family ties, making up for lost time, and rebuilding personal relationships.

Changpeng Zhao's relatively light sentence (several months in prison for federal crimes considered minor) may have had something to do with the support of his family, which influenced the judge's ruling. In addition to family support, Changpeng Zhao's long-term investment in global philanthropy also helped him obtain a more favorable verdict.

CZ Philanthropy: The future of Giggle Academy

A key question now is whether Zhao Changpeng will devote more energy to charity and put his previous commitments into practice. Before he was imprisoned, he founded "Giggle Academy" to provide free and fun learning tools to children around the world. During his sentencing hearing, Changpeng Zhao elaborated on his vision: "The next chapter of my future life is to provide opportunities for others, especially the younger generation. I am building a platform to provide high-quality free education to disadvantaged children around the world." "

Currently, Giggle Academy is still in the development stage, and the information available on its website is limited except for job postings that have been posted for several months. As he regains his freedom, there may be more updates on the project's development and funding status.

Binance Emperor is back! Changpeng Zhao will bring new hope to the currency circle

As part of his criminal settlement, Changpeng Zhao has stepped down as CEO of Binance and is prohibited from participating in the company's daily operations, but his influence in Binance cannot be underestimated. As Binance’s largest shareholder, Changpeng Zhao continues to have significant influence over the exchange’s strategic direction, especially as the company shifts its focus to Asia and overseas markets and away from the United States.

A Binance spokesperson welcomed Changpeng Zhao’s release: “We are pleased that CZ can be reunited with his family. Although he no longer manages or operates Binance, we are excited about his future movements. Since last year, Binance has Under the leadership of the team, we have continued to develop, and the number of global users has exceeded 229 million.”

In fact, Changpeng Zhao has always been a key opinion leader in the currency circle that combines ideals and pragmatism. When the idealists are under strong attack and the pragmatists can't find their way, it becomes particularly important for CZ to return to the stage.

This article Binance founder CZ was released from prison early on Friday, and Changpeng Zhao will regroup for the healthy development of the currency circle. First appeared on Chain News ABMedia.