CoinVoice has recently learned that CryptoQuant CEO Ki Young Ju posted on a social platform that Zhao Changpeng should not be underestimated and he deserves respect.
Society often views an industry as a "sin" when its intrinsic value is less than the capital it absorbs. In this case, the people labeled as "sinners" are those who built and participated in the industry. Society singles out the most influential people as the culprits, holding them responsible for the industry's failure to develop properly. Although many people made mistakes, only a few atone for the "sins" of the industry.
From the perspective of mature society, the crypto industry is burdened with many "sins". It absorbs huge amounts of capital, but its intrinsic value does not grow accordingly. Like other young and immature industries, crime is rampant - this is one of the troubles in its growth process.
Binance co-founder and former CEO Changpeng Zhao is ending a four-month detention. While he did make mistakes, his detention also carries a vicarious nature and represents the growing pains of the industry. Changpeng Zhao is a respectable businessman. Without Binance, the cryptocurrency industry would not have attracted the massive global liquidity it has today.
It is crucial to clearly distinguish between his strengths and weaknesses. "In my opinion, Zhao Changpeng's achievements far outweigh his mistakes. He has paid the fine and his detention is about to end. The industry should start to look at him in a new light." [Original link]
