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zhao changpeng

ifeng.com technology news beijing time on september 30, binance founder changpeng zhao made his first public statement after being released from prison over the weekend. he announced his next move on x, promising to continue investing in the blockchain field, artificial intelligence and biotechnology.

last friday, zhao changpeng was released early, ending his four-month prison sentence.in november last year, he reached a plea agreement with the u.s. government, admitting to money laundering, failing to prevent criminals and terrorist organizations from using his exchange, and agreeing to pay a personal fine of $50 million. he resigned as binance ceo and entered the four months in prison. changpeng zhao has a net worth of more than $30 billion, according to the bloomberg billionaires index, which would likely make him the richest american prisoner in history. at the same time, binance was fined $4.3 billion and faced years of compliance monitoring by the u.s. department of justice and the financial crimes enforcement agency of the treasury department.

zhao changpeng said on x on sunday that he needs to calm down first before determining his next move. there are always more opportunities in the future than in the past.

zhao changpeng announces next steps

first, he thanked everyone for their support. “it means a lot to me and keeps me strong in my darkest moments,” he said.

although he did not plan his next move, he briefly updated some project progress and his preliminary ideas. changpeng zhao said that his new project, the non-profit online education platform giggle academy, is going well and it will "become an important part of my life" in the next few years.

changpeng zhao said that he will continue to invest in blockchain/decentralized technology, artificial intelligence and biotechnology, and said that he is a long-term investor who focuses on impact rather than return.

he will also devote more time and money to philanthropy (and education), and he has some rough ideas of his own. he's still writing a book, two-thirds of the way through, and it's a lot more work than he expected, but he's going to finish it.

finally, changpeng zhao mentioned the development of binance. “it’s great that binance seems to be doing well without my intervention. it’s every founder’s dream!” he said. (author/xiao yu)

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