CZ: He proactively went to the US to plead guilty in an effort to minimize the impact on Binance users and the overall crypto industry.

In his new book, *Binance Life*, CZ stated that in 2023 he voluntarily traveled to the United States and admitted to violating relevant provisions of the U.S. Bank Secrecy Act, primarily concerning Binance's early provision of services to U.S. users without proper registration. CZ stated that given the increasingly stringent regulatory environment at the time, failing to make this decision could have brought greater uncertainty and potential impact to Binance's operations, BNB holders, and the industry's development. CZ indicated that he chose to address the risk by personally assuming legal responsibility in order to reduce the impact on platform users and the overall crypto industry, and to ensure the continued operation of the business.