Changpeng Zhao, the founder of Binance, made a strong comeback at the recently concluded Binance Blockchain Week in Dubai, which took place on 30–31 October.
His first public appearance since being released from a U.S. prison last month captivated a large audience.
Zhao, often referred to as CZ, recently completed a four-month prison sentence after pleading guilty to violations of the Bank Secrecy Act related to Binance's anti-money laundering practices.
In addition to a $50 million personal fine, Binance agreed to a substantial $4.3 billion settlement, one of the largest financial penalties in history, which generated a varied response within the crypto community.
As he stepped onto the stage, he was welcomed with thunderous applause from the audience.
Zhao addressed the crowd of over 4,000 attendees, alongside an additional one million viewers streaming online.
His session commenced on a light note, initiated by Altcoin Daily founder Austin Arnold, who cheekily asked,
“How was your summer?”
CZ on the stage with Altcoin Daily founder Austin Arnold.
However, the mood shifted as Zhao recounted his prison experience, which he described as restrictive but ultimately enlightening.
He noted that confinement provides him ample opportunity for reflection, stating,
“It gives you a lot of time to reflect,”
The most poignant of these reflections was a renewed appreciation for his family, friends, colleagues, and the wider community, as he realised he missed human connection the most during his time away.
He candidly acknowledged,
“It helped me to refocus my priorities in my life.”
During his time in prison, the former Binance CEO developed friendships with fellow inmates, many of whom he still keeps in contact with.
He reported that he experienced no violence while incarcerated, despite earlier concerns about his safety as one of the wealthiest individuals to serve time in the United States.
He recalled a light-hearted moment when some guards recognised him and asked for cryptocurrency investment advice, to which he jokingly responded,
“I better not pick the wrong coin.”
Despite his release, Zhao indicated he would not return to managing a crypto exchange, citing the complexities and pressures surrounding his sentencing process.
“I just want to move on,” he remarked, emphasising his desire for a fresh start.
During his address, Zhao also commented on the shifting political landscape in the United States, noting how presidential candidates, including Donald Trump and Kamala Harris, are now openly discussing cryptocurrency in their campaigns.
Reflecting on the bizarre nature of his situation, he quipped,
“I’m just sitting in prison like, ‘What the hell happened? What if I waited for two months?’”
Looking ahead, Zhao shared his commitment to Giggle Academy, an educational platform aimed at serving underserved communities around the globe.
He highlighted the alarming statistic that 700–800 million adults are illiterate, including 300–500 million children without access to formal education.
He pointed out,
“Educational projects usually target areas with existing education systems.”
Besides education, Zhao expressed his intent to invest in emerging sectors such as artificial intelligence, biotechnology, and blockchain technology.
His successor at Binance, CEO Richard Teng, echoed this sentiment, discussing the theme of “momentum” for the upcoming year and pointing to recent regulatory advances, such as the approval of spot Bitcoin ETFs, as positive indicators for industry growth.
When asked about his sentence, Zhao reflected on the uniqueness of his situation.
He stated that part of his plea deal restricted him from expressing negative opinions about it, yet he noted the unprecedented nature of his punishment for a Bank Secrecy Act violation.
He explained that he was the first to be imprisoned for it, contrasting his experience with the recent $3 billion fines imposed on TD Bank for similar money laundering violations.
Despite this, he acknowledged,
“I was fortunate to only have to serve four months,” especially when compared to the lengthy sentences faced by many other inmates.
Discussing his ongoing relationship with Binance, Zhao mentioned that while he could not engage in the day-to-day operations of the company, he believed his shareholders' rights remained intact.
He stated,
“The relationship was a ‘good one’ in that others work hard, and I am ‘forced to retire.’”
He also shared the emotional difficulty of detaching from the company he had dedicated so much to, acknowledging that the first month post-release was particularly challenging.
As he moves forward, Zhao is resolute about remaining “very, very bullish” on cryptocurrency, aiming to channel his energies into investments and his educational initiatives, all while reflecting on the lessons learned during his time away from the industry.
Speculation is heating up that Changpeng “CZ” Zhao, the founder of Binance, could be preparing for a dramatic return to the exchange he was forced to leave nearly two years ago.
XingChiWindtree is being delisted from Nasdaq after its share price crashed below the required $1 level. The company’s shift from biotech to holding BNB tokens failed to win investor trust, wiping out nearly all its value.
AnaisBNC, a company listed on Nasdaq, purchased 200,000 Binance Coins for $160 million and aims to raise up to $1.25 billion to increase its BNB holdings. This reflects a rising trend of firms investing in BNB as part of their corporate crypto portfolios.
Weatherly
Jason RiggsChangpeng "CZ" Zhao has broken through into the top echelons of the world’s wealthiest individuals, with his net worth reaching an estimated $75 billion following BNB’s new all-time high of $857.18.
XingChiBinance Changpeng Zhao's family office, YZi Labs, is making a significant move by supporting an investment company to go public in the U.S.
XingChiSilk Road founder Ross Ulbricht has resurfaced as a polarising crypto figure, raising $1.8 million in Bitcoin by auctioning prison memorabilia. Days later, he received a surprise 300 BTC donation worth $31 million—reigniting debate over whether this support reflects alignment with his ideals or raises ethical concerns in today’s crypto culture.
CatherineThe SEC dropped its lawsuit against Binance after nearly three years of legal action over alleged securities violations. The case was closed as the new SEC leadership began easing its stance on crypto regulation.
WeatherlyBhutan has launched the world’s first national crypto tourism payment system, letting visitors pay for everything from flights to local goods using digital currencies like Bitcoin and BNB. The system, built with Binance Pay and DK Bank, helps local businesses—especially in remote areas—accept crypto payments easily.
AnaisUSDC is now the default currency on Binance Pay, making it easier for users to send and receive money instantly with zero gas fees. This update simplifies payments for both individuals and businesses, offering fast, low-cost transactions using a stable digital dollar.delays or extra costs.
AnaisWormhole, a trailblazing messaging protocol facilitating blockchain cross-communication, has hit a new high in the crypto sphere, amassing $225 million in its latest fundraising.
YouQuanStability.ai has recently announced its latest breakthrough – the Stable Video Diffusion AI model. This innovation marks a significant leap in AI capabilities, enabling the transformation of still images into captivating animations.
JoyBinance has been given three months by the SEC "to give Filipino investors who have holdings in Binance to close their positions and take out their investments."
BrianDeepMind's AI predicts structures for two million materials, revolutionising discovery and applications in batteries, solar panels, and computer chips.
Hui XinSequence Builder is built to address a particular pain point - eliminating the need for developers to make trade-offs between integrating web3 elements and focusing on game design.
DavinBinance innovates with the world's first triparty crypto arrangement, enhancing security for institutional investors while also transitioning away from its BUSD stablecoin.
YouQuanChainlink experiences a record spike in whale transactions, signaling positive momentum ahead of its Staking v0.2 update.
YouQuanCasio Computer Co., Ltd. has revealed plans to release 2,000 limited edition VIRTUAL G-SHOCK NFTs (non-fungible tokens) on 15 December, showcasing futuristic shock-resistant watches in a virtual realm. The move follows the September 2023 launch of the VIRTUAL G-SHOCK project aimed at engaging with Gen Z and new users in a virtual space.
JoyAmid SEC challenges and cryptocurrency disputes, Coinbase CEO Brian Armstrong calls for a stronger U.S. regulatory framework.
Hui XinNexo partners with Koinly to simplify crypto tax reporting for users, offering tailored tax forms and integrating with over 100 jurisdictions.
YouQuan