Binance Founder Changpeng Zhao (CZ) Reveals His Time in Prison to Bloomberg
Changpeng Zhao
In an interview with Bloomberg, CZ revealed that initially no one in prison recognized him, but eventually, everyone knew he was a cryptocurrenc
He disclosed that many fellow inmates and prison guards asked him which cryptocurrency to buy. However, being incarcerated meant he h
Changpeng Zhao resigned as CEO of Binance, the world’s largest cryptocurrency exchange, and pleaded guilty to money launder
He was released from prison in September after four months in a California prison, becoming the wealthiest inmate
Binance also reached a settlement with federal authorit
The developments in the cryptocurrency market weren’t the only things Zhao was in
Speaking to Bloomberg, he mentioned that he follows a strict diet, but in prison, the food was heavy on starch and sugar with very little
“I usually eat bland food, just protein and vegetables. That was impossible there,” he said.
He spent his time in prison working out and writing a book. One of his closest prison friends was a bank robber serving a 25-year sentence, who also had knowledge of cryptocurrency. Zhao said he was trying to help his friend reduce his prison sentence.
Regarding Binance’s future plans, CZ mentioned that the company would explore investments in AI and biotechnology. His wealth surged when Donald Trump was elected U.S. President, reaching nearly $53 billion.
