Former CEO Turned Author? Binance’s CZ Teases What’s Next 

Following his sentencing in April, the Binance founder is set to embark on new adventures.

Changpeng Zhao's book called "Money Factory" being presented in an explosion of money.
Created by Gabor Kovacs from DailyCoin
  • Binance Changpeng Zhao (CZ) has hinted at an upcoming adventure.
  • The former Binance CEO was recently sentenced to a four-month prison term.
  • Changpeng Zhao vowed to focus on new projects in the future.

The legal tussle involving Binance and the United States Department of Justice has recently concluded, culminating with the long-awaited sentencing of founder and former CEO Changpeng Zhao. However, contrasting the broader expectation of a lengthy stay behind bars, CZ bagged a mere four-month jail time

With ample free time now at his disposal, the former Binance CEO may now be exploring new ventures.

Binance CZ Taps Into Author Era?

Joining in a books-themed thread initiated by Binance co-founder Yi He on May 12, Changpeng Zhao hinted at the possibility of authoring a book in the upcoming months. 

Sponsored

Zhao, who has been spending more time on social media since his sentencing, cheekily responded to X user Omobola Oduntan’s tweet, which expressed anticipation of the former Binance CEO’s book. “I got some “quiet time” coming up. Will use that to write something,” he stated.

The former Binance CEO’s words follow his post-sentencing vow to focus on more educative ventures following his legal challenges, including establishing a learning platform for young underprivileged students to access free basic education.

While CZ’s statements were lighthearted, Yi He co-signed his message, hinting at the details the potential book will cover.

Changpeng Zhao’s Memoir-y Lane?

Despite CZ’s recent history being marked by rocky regulatory challenges, he undoubtedly remains an influential figure in the crypto industry.

Sponsored

From humble beginnings in Jiangsu Province to founding Binance, the world’s largest crypto exchange by trading volume, Zhao’s journey to success is an inspiring tale that solidifies his status as one of the crypto industry’s heroes.

If he does write a book, Zhao could offer insights into his journey to becoming one of the most influential figures in crypto, valued at approximately $33 billion. Additionally, CZ’s book may provide valuable guidance to aspiring industry leaders on navigating regulatory challenges by drawing insights from real-life experiences.

Zhao is arguably the third most influential person in crypto after Satoshi and Vitalik, and a memoir or autobiography will likely receive a warm reception from most of the industry.

On the Flipside

  • While most of Zhao’s follower base has offered a warm reception, others are fixated on his regulatory woes.
  • CZ recently shared the launch of a non-crypto education-driven platform, Giggle Academy. 
  • Following the six-month tussle with the DoJ, Binance‘s global market share dropped to 55%.

Why This Matters

Changpeng Zhao’s little to no time behind bars allows him ample time to try out new ventures. If successful, writing could become his next passion, particularly in the absence of an executive role at Binance.

CZ’s exchange Binance is still embroiled in regulatory challenges in other regions. Read more: 
Binance Exec Who Fled Nigeria Will Be “Smoked Out”: Interpol VP

Here’s how the SEC and Bitcoin Wallet are going at it in a new regulatory chapter:
SEC and Exodus Wallet Lock Horns Over NYSE Listing Delays

This article is for information purposes only and should not be considered trading or investment advice. Nothing herein shall be construed as financial, legal, or tax advice. Trading forex, cryptocurrencies, and CFDs pose a considerable risk of loss.

Author
Grace Abidemi

Grace Abidemi, a cryptocurrency reporter at DailyCoin, covers industry developments and trends. She previously worked as a freelance writer. With a Bachelor's degree in German Language and certifications in marketing and storytelling, Grace creates engaging content. When not working, she's in Nigeria, mastering cooking and canvas painting, and enjoys learning about different cultures and languages.