CZ on whether he will resume the role of CEO of Binance after his release from prison

The former CEO and founder of the world’s largest cryptocurrency exchange has no plans to return to the role of head of the company he led for seven years.

He revealed future plans about himself and the industry as a whole during the current Binance Blockchain Week in Dubai.

Live from @binance blockchain week in dubai.

Here’s the rundown of what @cz_binance had to say in his first interview after prison: pic.twitter.com/jmneMorMGv

— CryptoPotato Official (@Crypto_Potato) October 31, 2024

Naturally, the interview began with a question about CZ’s experience in prison, as he spent four months behind bars in the United States after pleading guilty to failing to incorporate proper anti-money laundering rules on Binance. Zhao said the overall experience was not good, but he made a few friends and is even trying to help some of them get out of prison early.

He did not comment on whether his sentence was fair, but mentioned that he was the only person to go to prison after violating the Bank Secrecy Act.

Speaking about his plea deal, he refuted some rumors that he is banned for life from running a crypto exchange. However, he does not know if he will be allowed to resume the role of CEO at Binance again.

However, he said he is slightly relieved that he is no longer running the exchange and has no plans to return even if he is allowed to. He knows he can’t make day-to-day decisions, but he’s still a major shareholder.

Instead, CZ said it will focus on other projects, such as Giggle Academy, where it aims to provide education to more than a billion people who lack access.

In addition, it will continue to invest in the crypto industry, as well as in AI and biotechnology.

He believes bitcoin will continue to grow in the coming months and will be in a “pretty good place” a year from now. However, he did not provide a price target for the asset, but said 2025 should be a very bullish year for it, given its historical performances after each of the previous downgrades.

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