This Friday, Changpeng Zhao (CZ), the founder of Binance, is set to be released after serving a four-month sentence for not doing enough to prevent money laundering at his company. CZ had been under the radar since April, when he returned from Dubai and started his sentence. He spent some time in a minimum-security prison in the California desert before transitioning to a halfway house in Long Beach, where his freedom was limited but still allowed for some supervised activities.
Now, with a net worth of $60 billion, CZ is preparing to re-enter the world. Although heâs been quiet about his plans, itâs expected heâll head to either Dubai or Paris, possibly to reunite with his children. His ex-wife, He Ye, a key figure at Binance, has been managing things while he was away. Family seems to be on CZâs mindâheâs been reflecting on his late father and considering how his own distant behavior may have been similar. With strong family support throughout his legal troubles, CZ may be shifting his focus more towards them.
Philanthropy could also be in his future. CZ previously launched Giggle Academy, a platform for free education for kids, though it's still in its early stages. Meanwhile, even though CZ is no longer CEO of Binance and is restricted from overseeing its operations due to U.S. legal constraints, he remains the company's largest shareholder. Binance is focusing on Asia and offshore markets and continues to thrive, boasting 229 million users globally.
At 47, CZâs career is far from over. Despite stepping back from the daily operations of Binance, the crypto world is watching closely to see what his next move will be. Whatever it is, itâs likely to be monumental.đ±đ±đšđš
