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Mustafa Mulla
Mustafa Mulla
Author
Mustafa has been writing about Blockchain and crypto since many years. He has previous trading experience and has been working in the Fintech industry since 2017.
- Sep 30, 2024 05:48 UTC
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What is Binance Founder CZ Planning to Do After His Prison Release?
CZ shifts focus to education, charity, and tech after his release from U.S. jail.
CZ introduces Giggle Academy, offering free global education using blockchain-based certification.
CZ paid a $50 million fine and is barred from officially returning to Binance.
After spending six months in a U.S. jail due to regulatory issues, Binance co-founder Changpeng Zhao (CZ) is making a strong return with a new focus. In his first public statement after being released, CZ emphasized his dedication to education, charity, and cutting-edge technology. Although his role at Binance has ended, his vision for the future is far from finished.
Well, it looks like CZ is back in the spotlight. Can he redefine his legacy?
CZ’s Big Announcement
In his first tweet post-release, CZ shifted his focus from cryptocurrency to a range of impactful ventures. Describing himself as a “long-term investor” who prioritizes “impact, not returns,” CZ outlined several new projects aimed at making a difference.
One of his primary efforts will be on Giggle Academy, an educational initiative aimed at providing free global education from grades 1 to 12. Using blockchain technology and “soul-bound tokens” to certify student progress, the platform blends gamification and adaptive learning without a revenue model.
Alongside education, CZ is dedicating more time to charitable work, with ideas already in development. He’s also working on a book, with two-thirds of it already written, reflecting his growing focus on giving back and inspiring others.
Tech Vision: Blockchain, AI, and Biotech
Although CZ has stepped away from Binance, he’s still fully invested in the tech world. He remains committed to blockchain while exploring artificial intelligence (AI) and biotechnology as the next big opportunities. CZ believes these technologies will drive future growth and transform industries worldwide.
Rocky Road for CZ
CZ’s time in jail stemmed from a guilty plea in November 2023, where he admitted to allowing transactions tied to criminal activities and sanctioned countries like Iran and Cuba. In April 2024, he was sentenced for not enforcing strong anti-money laundering practices at Binance.
The company was fined $4.3 billion, and CZ personally paid a $50 million fine. Under the terms of his agreement with U.S. authorities, CZ can no longer officially return to Binance.
With a $30 billion net worth and ambitious projects on the horizon, it’s clear that CZ’s journey is just beginning. His next steps are focused on education, charity, and exploring the future of tech, promising to leave a lasting impact.
Is CZ’s post-Binance journey a positive one? What impact can we expect ahead?
Yes 
No 
