Ex-Binance CEO Changpeng Zhao Eyes Blockchain, AI Investments Post-Prison
After serving a four-month sentence, Zhao plans to focus on long-term investments and educational initiatives.
- Changpeng Zhao, former CEO of Binance, was released from US federal custody after a four-month sentence for money laundering charges.
- Zhao is barred from managing or operating Binance for three years as part of his 2023 plea deal, which also included a $50 million fine.
- He expressed plans to invest in blockchain, decentralized technology, artificial intelligence, and biotechnology.
- Zhao aims to dedicate significant time to Giggle Academy, a nonprofit online education platform offering free education for grades 1-12.
- He is also working on a book and plans to increase his involvement in charitable activities.