CZ Zhao's Next Move After Prison: 'Let Me Chill First,' Then Back to Blockchain Investments

Changpeng Zhao, commonly known as CZ, has expressed gratitude for his supporters following his release from prison. He served four months for anti-money laundering violations linked to Binance, the cryptocurrency exchange he founded. CZ now plans to focus on blockchain investments but stated, “Let me chill for a bit. Then figure out the next steps.”

CZ Reaffirms Dedication to Blockchain, Education, and Charity Initiatives

CZ has reaffirmed his commitment to blockchain technology and decentralisation. Describing himself as a “long-term investor who cares about impact, not returns,” he indicated that his primary focus over the coming years will be on projects that contribute to education and charity.

Giggle Academy, a nonprofit educational platform offering free online courses, will continue to be a priority for CZ. He also noted that his upcoming book is two-thirds complete, admitting that the writing process has been more challenging than anticipated. CZ is determined to finish the project.

Read more: Binance's Zhao Changpeng Expected to Be Released Early on Friday: What’s Next for CZ After Regaining Freedom?

CZ Reflects on Binance’s Success Post-Resignation Amidst DOJ Investigation and Historic Sentencing

CZ acknowledged that Binance is flourishing without him at the helm, describing it as “every founder’s dream.” His resignation as CEO in 2023 followed a lengthy investigation by the U.S. Department of Justice, which led to a $50 million fine and additional penalties of $4.3 billion for the exchange.

At the time of his sentencing, CZ was the 34th richest individual globally, with a net worth surpassing $40 billion. His imprisonment marked a notable event, as he became one of the wealthiest people to serve time in a U.S. federal prison.

Read more: Binance founder CZ Changpeng Zhao is released from US prison for anti-money laundering violations

CZ's release marks a reflective period for the blockchain pioneer. While he remains optimistic about future opportunities, his immediate priority is to take a step back, allowing for careful consideration before moving forward with new ventures.

Despite his optimistic outlook, CZ's involvement in major legal controversies highlights the persistent regulatory challenges within the cryptocurrency industry.