Changpeng Zhao Shares Vision for Life After Prison
(Originally posted on : Crypto News – iGaming.org )
Changpeng Zhao, founder and former CEO of Binance, has shared his plans for the future after his recent release from prison. Zhao, who served a four-month sentence, posted an update on X (formerly Twitter) outlining his next steps, with a focus on education, investments, and charity.
Zhao revealed that Giggle Academy, his education startup, will be a major focus for him in the coming years. Launched as a non-profit earlier this year, Giggle Academy aims to reduce global illiteracy by offering free online education for grades 1 to 12. The platform uses an entertaining approach to make learning engaging for children worldwide and provides an adaptive, individualized curriculum.
Besides his commitment to Giggle Academy, Zhao also highlighted his other interests. He stated, “Will continue to invest in blockchain/decentralized technologies, artificial intelligence (AI), and biotechnology. I am a long-term investor who cares about impact, not returns.” He also plans to dedicate more time and funds to charitable activities, including educational initiatives.
Zhao mentioned he is working on writing a book about his life, which he said is about two-thirds complete. “Writing a book is a lot more work than I anticipated, but will see this one through,” he admitted, showing his commitment to sharing his journey despite the challenges.
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Zhao’s release from prison reportedly took place on September 27th. He spent about two months at Lompoc II, a minimum security prison in California, before completing his sentence at a halfway house. His time behind bars came after stepping down as CEO of Binance in November 2023. He pled guilty to violating U.S. anti-money laundering laws, which led to a four-month prison sentence and a $50 million fine.
Before starting his prison term, Zhao stated his intention to stay involved in the cryptocurrency industry as a passive investor and continue holding crypto assets. His latest update confirms that he remains dedicated to making a positive impact through both investments and charitable work.