**News Flash: CZ Completes Sentence, Eyes New Ventures**
Changpeng Zhao, co-founder and former CEO of Binance, has completed his four-month sentence for failing to maintain an effective Anti-Money Laundering (AML) program. With a personal fortune of $60 billion, Zhao is now exploring new opportunities but won't return to Binance, as per the firm's plea agreement.
Richard Teng, the current CEO, confirmed Zhao remains a major shareholder but will not manage the exchange. Zhao hinted at a shift towards decentralized finance (DeFi) and education, launching Giggle Academy to provide free education for children in developing countries.
Binance, meanwhile, faces ongoing legal challenges but is focusing on compliance and regulatory standards.