CZ to complete jail sentence in September.

Zhao, also known as CZ, will complete his jail sentence on September 29, after he pled guilty to money laundering and stepped down as CEO in a bid to keep the company alive over 10 months ago.

Zhao's guilty plea and resignation come following years of dismissive responses to various accusations about wrongdoing at the company. He later admitted to making “mistakes” and took personal responsibility, appointing Teng, previously Binance’s Global Head of Regional Markets, to take over as CEO.

In a tweet announcing his resignation as Binance CEO, Zhao said that he planned to take a break before pursuing other interests around the crypto and tech industries.

My current thinking is I will probably do some passive investing, being a minority token/shareholder in startups in areas of blockchain/Web3/DeFi, AI and biotech," he wrote. "I am happy that I will finally have more time to spend looking at DeFi."

In the same post, Zhao stated that he doesn’t envision himself “being a CEO driving a start up again,” adding that he’s “content being a one-shot (lucky) entrepreneur.”#TelegramCEO #USNonFarmPayrollReport #PowellAtJacksonHole $BTC $ETH $SOL