Changpeng Zhao, the charismatic founder of Binance, recently regained his freedom after four months in prison. While his release from prison marks the end of a turbulent chapter, it also raises questions about his future within the crypto empire he built.
Obstacles to return
CZ’s release does not necessarily mean he will immediately return to Binance leadership. In fact, the terms of his settlement clearly state that he can no longer hold an executive position within the company.
This clause, which his lawyers highlighted during his trial, was intended to reduce his sentence, but now complicates any intention to resume direct control over him.
Binance’s current CEO, Richard Teng, appears to be firmly in place. Any change at this level could be seen as a violation of the court agreement, potentially exposing CZ and Binance to further legal action.
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Grey areas leave room for maneuver!
However, the situation is not entirely settled. As the majority shareholder, CZ retains significant power over Binance’s strategic direction.
The concept of “guiding principles” mentioned in the agreement leaves room for interpretation. In theory, the CZ could influence major decisions without holding an official position.
Moreover, there is nothing technically preventing the current CEO from firing him and appointing a new CEO who is more inclined to follow his recommendations. However, such a maneuver would likely be seen as a provocation by the US authorities.
Uncertain future but evolving priorities
Despite these theoretical possibilities, it seems unlikely that CZ will return to the helm of Binance in the near term. His recent statements indicate that he is detached from the day-to-day management of the company.
Just before his imprisonment, CZ launched a charitable initiative aimed at providing free education to underprivileged children around the world. This project may signal a shift in priorities, as CZ seeks to improve his image and leave a positive legacy beyond the crypto world.
CZ’s future and potential involvement in Binance remain uncertain. Between legal restrictions and personal developments, the founder of the world’s largest cryptocurrency exchange will have to navigate carefully in the coming months. One thing is certain: the crypto industry will continue to closely monitor the actions of one of its most prominent and controversial figures.
