The post Binance’s CZ makes his first tweet after release from prison appeared on BitcoinEthereumNews.com.

Changpeng “CZ” Zhao, the man behind Binance, broke his silence just seven hours after getting out of prison. He tweeted: “Good morning, the food taste so good… And what a luxury to be able to have more than one piece of fruit per day!” For a guy just out of jail, CZ says he is doing fine. He is relaxed, grateful for the support he received, and ready to move forward.  He hinted that he wouldn’t answer all questions immediately, saying, “Let me chill for a bit.” His tweet went on to give updates about what’s next for him. CZ talked about his plans, like continuing to invest in blockchain, decentralized technologies, AI, and biotech. He called himself a long-term investor who cares more about impact than returns. He also mentioned charity and education (via his Giggle Academy) as future priorities, plus the progress of his book, which is about two-thirds done. “Giggle Academy has been going well, and will be a big part of my life for the next few years.” While he’s no longer in charge of Binance, CZ was happy to see that the exchange was doing well without him. Zhao’s sentence and guilty plea CZ’s prison sentence came after he pleaded guilty in April to charges linked to money laundering at Binance.  This all started with a multi-year investigation by the U.S. Department of Justice (DoJ), which found that Binance had allowed transactions tied to illegal activities, like terrorism and child exploitation.  The court found that the exchange processed more than 100,000 suspicious transactions without proper reporting. Prosecutors claimed CZ put the company’s growth over following American law. His failure to put proper anti-money laundering (AML) controls in place caused Binance to become a hub for criminals. He apparently also endangered the U.S. financial system and…

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Filed under: News - @ September 29, 2024 8:19 am