Binance founder, Changpeng Zhao, eyes new ventures after stepping down as CEO, focusing on education and tech investments.
Binance Founder Zhao Reflects on Journey
Changpeng Zhao, Binance’s former CEO, opened up about his future plans, reflecting on his journey with Binance and beyond.
A Look Back at Zhao’s Legal Journey
In a recent interview, Zhao shared his experiences following his departure from Binance after a plea agreement with U.S. authorities last November. He spoke about the challenges he faced, including a stint in prison, where he admitted missing human connections most.
Reflecting on Sentencing and Comparisons
Zhao’s sentence stemmed from a violation of the Banking Secrecy Act, a charge he noted was unprecedented for its severity. He compared his situation with TD Bank’s recent $1.8 billion fine, where no individuals faced jail time.
Clarifying Ties with Binance
Addressing his current status with Binance, Zhao confirmed he holds a large share but no operational role. He clarified that reports of a “lifetime ban” on managing exchanges were inaccurate, stating, “Those two words don’t exist in my plea agreement.”
Plans for the Future: Giggle Academy
Looking forward, Zhao has set his sights on Giggle Academy, an educational platform designed to provide digital learning resources for people worldwide. Targeting those without access to traditional education, Giggle Academy will leverage AI and game developers to create engaging, mobile-accessible educational content.
Investment in Blockchain, AI, and Biotech
In addition to Giggle Academy, Zhao plans to invest in blockchain, AI, and biotech. He believes these sectors hold transformative potential and aims to contribute to their growth.
A Vision Beyond Profit
Zhao emphasized that Giggle Academy aims to make a social impact rather than generate profits. He expects the platform’s development to cost around $1–2 billion, covering content creation in multiple languages and subjects.
Positive Outlook on Cryptocurrency Regulation
While optimistic about the long-term future of cryptocurrency, Zhao acknowledged the unpredictability of short-term market trends. He pointed out Bitcoin’s four-year cycle and emphasized the industry’s need for infrastructure growth. On regulation, Zhao observed progress in some regions, noting that larger countries often move more slowly in implementing policies.
A New Chapter Begins
As Zhao embarks on new ventures, he remains invested in education and technology, aiming to drive positive change through Giggle Academy and other projects. Despite stepping back from Binance operations, his influence in the tech and crypto space continues.
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