CZ calls his time in the slammer a turning point in life
Changpeng Zhao (CZ), the founder and former CEO of Binance, continues to pop up in interviews after completing his prison sentence in the U.S.
Sharing on the Crypto Banter channel, CZ described this experience as a "turning point in life," prompting him to reflect on himself, his beliefs, and his future direction.
Before going in, CZ mentioned that his lawyers had warned him about his biggest fear: "extortion and threats." He said:
"The papers back then wrote that I was the richest person to ever step into a U.S. prison."
Despite this, CZ noted that he made friends with a former Cisco software engineer who was sentenced to 25 years for robbing 12 banks and realized that many people in there are still "rational beings."
Still funneling most resources into blockchain
CZ also recounted that being handcuffed and transferred to a holding facility just before his release was a "worse and scarier experience than prison."
He believes this seriously shook his faith in the system, as the rules can change at any moment.
Even though he has stepped back from his executive role at Binance, CZ asserts that he still dedicates 80-90% of his time and funds to blockchain technology.
According to him, Bitcoin remains the strongest store of value, and currently, no technology is capable of replacing that status.#BNB_Market_Update
Changpeng Zhao (CZ), the founder and former CEO of Binance, continues to pop up in interviews after completing his prison sentence in the U.S.
Sharing on the Crypto Banter channel, CZ described this experience as a "turning point in life," prompting him to reflect on himself, his beliefs, and his future direction.
Before going in, CZ mentioned that his lawyers had warned him about his biggest fear: "extortion and threats." He said:
"The papers back then wrote that I was the richest person to ever step into a U.S. prison."
Despite this, CZ noted that he made friends with a former Cisco software engineer who was sentenced to 25 years for robbing 12 banks and realized that many people in there are still "rational beings."
Still funneling most resources into blockchain
CZ also recounted that being handcuffed and transferred to a holding facility just before his release was a "worse and scarier experience than prison."
He believes this seriously shook his faith in the system, as the rules can change at any moment.
Even though he has stepped back from his executive role at Binance, CZ asserts that he still dedicates 80-90% of his time and funds to blockchain technology.
According to him, Bitcoin remains the strongest store of value, and currently, no technology is capable of replacing that status.#BNB_Market_Update