Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency discussions => Topic started by: NotATether on September 28, 2024, 07:03:49 PM
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https://365crypto.org/blog/2024/09/28/cz-binance-founder-free-after-four-months-in-u-s-prison/
(I can see this is going to be some sort of precedent, quoting articles from the official forum's news outlet.)
So anyway, after four months of serving prison time, the former Binance head has now been released.
We know that he can no longer work on anything related to Binance, so what do you guys think he will do now?
I know this is pointless speculation by now but I feel it's good to keep tabs on important people like him.
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We know that he can no longer work on anything related to Binance, so what do you guys think he will do now?
I know this is pointless speculation by now but I feel it's good to keep tabs on important people like him.
It feels like he's not gone through a prison but more like taking a vacation, a breather to refresh his mind on his next strategy, Based on the article you provided, he still owns a very large part so he can still have control, although he may not be able to act as a CEO but he can set up a puppet ceo, He should just be careful not to get caught meddling to the affair of Binance.
With his vast experience and knowledge in the industry he will still a big asset in the community and a highly respected one too.
Despite these legal challenges, CZ’s personal fortune remains largely unaffected, and he still holds a significant stake in Binance, with a 90% ownership of the company
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Well maybe he's gonna spend time with family first or maybe lie low from his stressing legal battle against the government who tried to destroy him. You are correct about this being to early to speculate but we don't really have the idea about what will be his next move so maybe we'll wait until his official updates.
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CZ is now a free man? Well, that depends from what perspective we see it from. To begin with, CZ cannot work on anything related to Binance, his own creation, to continue, he will somehow be monitored 24 hours a day to know what he is doing in the economic sense, if he is investing or if he is trying to launch a new project related or not to cryptocurrencies, I also imagine that bank accounts will also have some kind of control, as will the location in CZ.
I don't know to what extent we can say that CZ is a free man, even if we see him walking down the street.
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CZ is now a free man? Well, that depends from what perspective we see it from. To begin with, CZ cannot work on anything related to Binance, his own creation, to continue, he will somehow be monitored 24 hours a day to know what he is doing in the economic sense, if he is investing or if he is trying to launch a new project related or not to cryptocurrencies, I also imagine that bank accounts will also have some kind of control, as will the location in CZ.
I don't know to what extent we can say that CZ is a free man, even if we see him walking down the street.
in that case, he may have yet not give in to what US government was asking unlike Durov who already are providing users data to Macron. users of binance means safe for anonymity still.
but i wonder how long he can keep. and what iff CZ gives in and if they are asking CZ to turn Binance into FTX scam in the end, it would really be a huge dump of the price and more than likely the investors are going to go broke after putting all their hopes in crypto.
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CZ is now a free man? Well, that depends from what perspective we see it from. To begin with, CZ cannot work on anything related to Binance, his own creation, to continue, he will somehow be monitored 24 hours a day to know what he is doing in the economic sense, if he is investing or if he is trying to launch a new project related or not to cryptocurrencies, I also imagine that bank accounts will also have some kind of control, as will the location in CZ.
I don't know to what extent we can say that CZ is a free man, even if we see him walking down the street.
I don't call this freedom because it is like he doesn't have any right over what he likes doing because he will be monitored and will have limitation to make more money for himself unlike if he didn't got into that shit. CZ is love to lay low for a while why he figures out how he can disappear from the reach of US government before he can do anything on his own.
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Hard to disagree, what type of freedom is it when you're under a magnifying glass. Still nice, home clearly better than cell.
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We know that he can no longer work on anything related to Binance, so what do you guys think he will do now?
He might end up Hodling Bitcoin for rest of his life as that's a good option for him, or there's chance that he might launch another crypto exchange that would be different from Binance. That guy is a creative thinker, and he'll of course do something that will help him to expand his net worth overtime.
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CZ is now a free man? Well, that depends from what perspective we see it from. To begin with, CZ cannot work on anything related to Binance, his own creation, to continue, he will somehow be monitored 24 hours a day to know what he is doing in the economic sense, if he is investing or if he is trying to launch a new project related or not to cryptocurrencies, I also imagine that bank accounts will also have some kind of control, as will the location in CZ.
So this has to be some sort of supervised release then. Is this monitoring thing going to continue forever, I wonder? Because that would be insane if he did.
But I also imagine that his bank accounts are strictly off-limits except for seeing the account statements from the bank to make sure there are no transactions with Binance entities or the Binance platform.
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I'm imagining him creating a new project that relates to crypto.
I doubt that he will just simply stop himself involving into crypto, I mean he is a visionary and become one of the most powerful person in the world of crypto. It's that that with that power, sooner or later it will have to be broken down, just like what happen to Microsoft before.
I do not that think that he will rest on his laurels yet, he is too young and with this kind of personality, I think he will be back for more.
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Is this monitoring thing going to continue forever, I wonder? Because that would be insane if he did.
They'll probably put monitoring tools around his bank account, cryptocurrency wallets, etc. I doubt the government would actively monitor him when there's no indication that he's doing something behind the scenes. I mean they managed to get billions from his company due to the allegations already. They can earn more if CZ starts another company and breaks some rules again. CMIIW.
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So this has to be some sort of supervised release then. Is this monitoring thing going to continue forever, I wonder? Because that would be insane if he did.
But I also imagine that his bank accounts are strictly off-limits except for seeing the account statements from the bank to make sure there are no transactions with Binance entities or the Binance platform.
I don't know how long the monitoring of his accounts will last, but I'm sure CZ will be monitored and in different ways, as well as his wallets, to know who/where he receives funds from and also if CZ sends them since I assume CZ would have had to provide a list of all the wallets he has. I know what I say may sound conspiratorial and paranoid at the same time, but I have no doubt that it will be like that.
CZ has had to give up many things to be "a free man" and spend only four months in jail, and that has a cost that begins with his privacy and freedom of movement.
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If he is smart, he will try to stay out of the spotlight for now and come back again with the crypto winter, where it will be easy to start new projects or move away from cryptocurrencies and start another investment.
I don't expect him to participate in airdrops or high-risk projects because it would be easy to start legal proceedings and accuse him of directly or indirectly contributing to deceiving investors.
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We know that he can no longer work on anything related to Binance, so what do you guys think he will do now?
He might end up Hodling Bitcoin for rest of his life as that's a good option for him, or there's chance that he might launch another crypto exchange that would be different from Binance. That guy is a creative thinker, and he'll of course do something that will help him to expand his net worth overtime.
CZ is really a brilliant man who was the founder of Binance. We all know that Binance is a world number 01 crypto exchange so that if a man can develop this kind of exchange he can build a new one. I think he is free now based on the news but he will be noticed by US legal team always. However we don't have much expectation right now cause he is just free and don’t clear that if has any regulation more by the law. As he isn’t related with Binance and any other exchange we can see he is free and stress Less right now.
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Binance former CEO CZ have been free last two days ago but have regulation with United State rule he can't participants yet in any cryptocurrency until for longer time. I don't know about its valid or not but seems very bad impact if CZ can't promote anything about bitcoin and altcoin.
CZ have big impact for cryptocurrency and how his motivate make Binance become large and top exchange market, I don't know he will return back become CEO Binance again or keep standing behind Binance although not get any position yet because he was have bigger contribution for Binance.
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Only cz can answer the question of what he is going to do from here on, good for him that he is a free man and that he got a very light sentence. It may be better if he stays away from the crypto industry and pitch his tent somewhere else, just because of how his reign as binance head ended, the fines, prison time, etc, but that is just my thought and he will decide what he'll do.
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Only cz can answer the question of what he is going to do from here on, good for him that he is a free man and that he got a very light sentence. It may be better if he stays away from the crypto industry and pitch his tent somewhere else, just because of how his reign as binance head ended, the fines, prison time, etc, but that is just my thought and he will decide what he'll do.
It is true that only CZ has the answers to what he will do from now on, but unfortunately and in some way, he will have to measure his steps. Something as simple as being careful about what project CZ talks about or thinks about (without having to invest or promote it) on social networks, since something so simple could lead to the worst case scenario, and that supposed project was not 100% clean, a serious problem for CZ since they could accuse him of promoting scams. Interestingly, CZ will now have to keep a low profile on issues related to cryptocurrencies and exchanges, which may prove dangerous for him.
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Many crypto communities read this news, and they hope that there will be a positive impact on BNB in particular. But until now I have not seen any busy activity from CZ in this Cryptocurreny, but on Twitter CZ is seen greeting people through his tweets. Hopefully this is a good sign.
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We know that he can no longer work on anything related to Binance, so what do you guys think he will do now?
I know this is pointless speculation by now but I feel it's good to keep tabs on important people like him.
I can only think is to have a new crypto-related or non-crypto business, his fortune is still at peak even with all the fines he paid so capitalizing a new business is not hard, only to come up for new ideas. But unfortunately, with all the stress he accumulate while imprisoned i guess a 6 months to 1 year vacation on remote area like beach resort, mountain resort or something, for him is the best thing he can do to avoid all stress in the real world.
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Many crypto communities read this news, and they hope that there will be a positive impact on BNB in particular. But until now I have not seen any busy activity from CZ in this Cryptocurreny, but on Twitter CZ is seen greeting people through his tweets. Hopefully this is a good sign.
Yeah, I've also seen his tweet about being able to eat more fruits, which is great ;D
The situation should be watched for future updates and moves on the market.
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I sure will be looking forward to knowing how he was going to handle things from there. It could be what he needs, especially if they can steer clear of the crypto drama for a while at least. Hoping
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We know that he can no longer work on anything related to Binance, so what do you guys think he will do now?
I can only think is to have a new crypto-related or non-crypto business, his fortune is still at peak even with all the fines he paid so capitalizing a new business is not hard, only to come up for new ideas. But unfortunately, with all the stress he accumulate while imprisoned i guess a 6 months to 1 year vacation on remote area like beach resort, mountain resort or something, for him is the best thing he can do to avoid all stress in the real world.
The name CZ is still very closely related to Binance, even now we still often mention Binance CZ, the founder of Binance. The name is very attached to him as one of Binance.
However, related to Binance, he still has the largest shares in Binance, right? So even though he is not in Binance's daily operations, his influence is still strong in Binance, and of course behind the scenes, he will still provide some intervention for Binance's progress.
After making up for time with his family, of course, there may be some agendas that he wants to do before he is imprisoned. From several news releases, it's all still speculation. Some of them are:
- Developing a business before he was imprisoned, namely Giggle Academy, free basic education aimed at poor children.
- After resigning from Binance, he also said that he wanted to be a mentor for entrepreneurs, especially young entrepreneurs related to his field.
- Oh yeah, I also read the news that he wants to continue writing the book and do various series of events related to crypto.
Taken from:
https://beincrypto.com/cz-post-release-plans/
https://www.binance.com/en/square/post/14130584731489
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So anyway, after four months of serving prison time, the former Binance head has now been released.
We know that he can no longer work on anything related to Binance, so what do you guys think he will do now?
I know this is pointless speculation by now but I feel it's good to keep tabs on important people like him.
CZ still has a lot of money, so he can do what he wants. In his place, I am not sure that I would want to return to the Binance business even if there were no existing restrictions.
Maybe he could anonymously start a completely new no-kyc exchange, that would be money well invested :)
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Well maybe he's gonna spend time with family first or maybe lie low from his stressing legal battle against the government who tried to destroy him. You are correct about this being to early to speculate but we don't really have the idea about what will be his next move so maybe we'll wait until his official updates.
That what I thought about that he'll probably go spend quality time with his family since he's been away from them for a while but on a second thought someone like Cz should have some means whereby he'll be communicating with his family daily so I think he won't miss them that much to leave things concerning Cryptocurrency and focus on his family for a long time, Cz is very smart and deeply rooted in things about Cryptocurrency and I feel he might be thinking of a new crypto project or how to kick-start another crypto agenda more than his family currently. Well whether any of our speculations are right or wrong, the good thing is that he's out and I believe he's already plotted his next move while he was in prison or would I say government rest place.
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For sure, CZ as the man is popularly known or with his full name as Changpeng Zhao, definitely has already created a big space, big name and a huge reputation in the cryptocurrency industry and he will forever be admired and followed by millions of his fans and admirers all over the world. As the one behind the dramatic growth and success of Binance, his contributions to the industry is already recognized by all of us. He is not perfect but definitely a visionary and with what happened to him being incarcerated for four months am sure it just made him stronger and much more prepared to contribute more to humanity and may the next endeavors be likewise successful and admirable. With estimated net worth of more than $60 billion, am sure he is looking for things he can use his time and talent. We will see in the next months how CZ will be redefining himself and can still be an influencer in the crypto industry, though not anymore as an active behind the scene personality just like in Binance before.
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So anyway, after four months of serving prison time, the former Binance head has now been released.
We know that he can no longer work on anything related to Binance, so what do you guys think he will do now?
I know this is pointless speculation by now but I feel it's good to keep tabs on important people like him.
CZ still has a lot of money, so he can do what he wants. In his place, I am not sure that I would want to return to the Binance business even if there were no existing restrictions.
Maybe he could anonymously start a completely new no-kyc exchange, that would be money well invested :)
Interesting idea! He can have many paths to take, we should just see the show unfold and what he will choose eventually.
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https://365crypto.org/blog/2024/09/28/cz-binance-founder-free-after-four-months-in-u-s-prison/
(I can see this is going to be some sort of precedent, quoting articles from the official forum's news outlet.)
So anyway, after four months of serving prison time, the former Binance head has now been released.
We know that he can no longer work on anything related to Binance, so what do you guys think he will do now?
I know this is pointless speculation by now but I feel it's good to keep tabs on important people like him.
I came across this a days back, this actually a good sign cz released will literally affect binance price in a positive way . But we can't tell what will be his next move , I'm sure he will first catch-up with his family's first before taken any move , just hope whatever move he take brings a positive benefit to the market
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So anyway, after four months of serving prison time, the former Binance head has now been released.
We know that he can no longer work on anything related to Binance, so what do you guys think he will do now?
I know this is pointless speculation by now but I feel it's good to keep tabs on important people like him.
CZ still has a lot of money, so he can do what he wants. In his place, I am not sure that I would want to return to the Binance business even if there were no existing restrictions.
Maybe he could anonymously start a completely new no-kyc exchange, that would be money well invested :)
The passion is there. The skill is there. Money is there. Influence is there. Community is there. Not to mention the charisma is always there.
At any moment he can do crypto or project. Not difficult to attract supporter as we always support him.
As far as I know, if not mistaken. CZ wants to start an educational foundation. The details will be announce in the future.
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So anyway, after four months of serving prison time, the former Binance head has now been released.
We know that he can no longer work on anything related to Binance, so what do you guys think he will do now?
I know this is pointless speculation by now but I feel it's good to keep tabs on important people like him.
CZ still has a lot of money, so he can do what he wants. In his place, I am not sure that I would want to return to the Binance business even if there were no existing restrictions.
Maybe he could anonymously start a completely new no-kyc exchange, that would be money well invested :)
I doubt that he won't be a part of Binance, even though he is not allowed legally it's a restriction that can't be monitored and it's just a call away even if he is from Mars. :D
What if he decides to create another platform, let's say a casino which will go to moon overnight if he decides to do.
Or he is not allowed to run anything related to crypto?
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CZ is great personality first of all I think he spent time with his family and friends nd then may be looking for the Bull run bcz he also know the season begins in October and need to make money next few months and live enjoyable life.
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Many crypto communities read this news, and they hope that there will be a positive impact on BNB in particular. But until now I have not seen any busy activity from CZ in this Cryptocurreny, but on Twitter CZ is seen greeting people through his tweets. Hopefully this is a good sign.
Yeah, I've also seen his tweet about being able to eat more fruits, which is great ;D
The situation should be watched for future updates and moves on the market.
The hope is that the time when Elon Musk tweeted Dogecoin there was a significant price spike, and this moment is still awaited by crypto investors and traders.
Or we should buy Doge now, then close the market and come back when there is news that the price of Dogecoin is heading to the moon.
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I can only think is to have a new crypto-related or non-crypto business, his fortune is still at peak even with all the fines he paid so capitalizing a new business is not hard, only to come up for new ideas. But unfortunately, with all the stress he accumulate while imprisoned i guess a 6 months to 1 year vacation on remote area like beach resort, mountain resort or something, for him is the best thing he can do to avoid all stress in the real world.
I guess now is the time to reflect on everything that happened and take a deep breath to continue towards new paths. I don't think CZ will continue with his usual activity either inside or outside the world of cryptocurrencies for a while and as I said he will measure his steps and his words, since anything that can be misinterpreted can cause problems for him. I imagine that the four months he has spent in prison have been enough time to reflect on what he has done “wrong” and what led him to serve that sentence. That's why I think the best thing CZ can do now is to “forget about everything” and take a long break, nothing more.
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~snip
I guess now is the time to reflect on everything that happened and take a deep breath to continue towards new paths. I don't think CZ will continue with his usual activity either inside or outside the world of cryptocurrencies for a while and as I said he will measure his steps and his words, since anything that can be misinterpreted can cause problems for him. I imagine that the four months he has spent in prison have been enough time to reflect on what he has done “wrong” and what led him to serve that sentence. That's why I think the best thing CZ can do now is to “forget about everything” and take a long break, nothing more.
Even if he is going to take a break, I doubt the break will be that long. Looking at his recent post on X, where he talked about what he will probably do both in the future and the present, he seems to be open to the idea of taking a rest. However, as I continued reading, it seems he remembered the Giggle Academy project he introduced sometime around March.
He also pointed out few things he will be investing on such as AI, Biotech, Blockchain, etc, but with no specific mention of cryptocurrency. Maybe that's the angle he won't be looking into for the new phase of his life. And I just checked the Giggle Academy's website, and it looks more like an educational/learning website, and not crypto related.
You can find the twit on his official X handle
Or here it is: https://x.com/cz_binance/status/1840265403882152232?t=XzCW70j7pjPbb0WlsgGhkA&s=19
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I know he's so rich, right? He could do anything. Maybe he could set up another thing that could be a game-changer, like Binance. CZ has a lot of time and a lot of money, so I guess it’s up to him. Let’s just wait for the updates.
Maybe prevent himself from getting jailed again
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CZ is free, is he really free as we think?
If he is been released under supervision then i do not think that is freedom because it is even worse than freedom as he can not be able to do anything freely without being watched or monitored. Already he's been banned from having anything to do with binance management if I am not mistaken and going by this, it is just the genesis of the whole isolation he would get from anything crypto. I think he should just change or switch to another field since he is very creative and has a good business ideology. Maybe this could be another opportunity to test or try his capacity in another line of business he deems fit to run.
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While he's still not allowed to be involved, it's a lot better than being confined in a room for almost 24 hours a day. For now, he'll most likely enjoy the things he wasn't able to do because of busy schedule before. Next year, I could see him attending conferences (could be unrelated to crypto) and maybe become a resource speaker.
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I am glad that he is out, and I do not know if legally this is possible or not, I haven't really read about it in detail I am sorry, but if he can come back as CEO for Binance, that would be even better. So far, we have been basically on a bear run and also then start of bull run during the time he was gone, which wasn't really a long time to be fair. I think him being back during upcoming bull run would make things so much better for Binance. But I can also see why he may not be allowed to run a company like that again, but since he is out, he could be "shadow CEO" type of thing where he isn't officially one, but he is the one pulling the strings.
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I am glad that he is out, and I do not know if legally this is possible or not, I haven't really read about it in detail I am sorry, but if he can come back as CEO for Binance, that would be even better. So far, we have been basically on a bear run and also then start of bull run during the time he was gone, which wasn't really a long time to be fair. I think him being back during upcoming bull run would make things so much better for Binance. But I can also see why he may not be allowed to run a company like that again, but since he is out, he could be "shadow CEO" type of thing where he isn't officially one, but he is the one pulling the strings.
Good news if CZ is out of prison and I hope CZ can make a good contribution to Binance because he is a smart person, even though he is involved in the law, we cannot forget CZ's contribution which has made Binance big and popular as the largest exchange.
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being an ordinary person by just trading may be more comfortable than being the CEO of binance, for a while, but even so the soul of a leader will definitely return even if not with binance it will definitely be formed
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CZ is now a free man? Well, that depends from what perspective we see it from. To begin with, CZ cannot work on anything related to Binance, his own creation, to continue, he will somehow be monitored 24 hours a day to know what he is doing in the economic sense, if he is investing or if he is trying to launch a new project related or not to cryptocurrencies, I also imagine that bank accounts will also have some kind of control, as will the location in CZ.
I don't know to what extent we can say that CZ is a free man, even if we see him walking down the street.
but i wonder how long he can keep. and what iff CZ gives in and if they are asking CZ to turn Binance into FTX scam in the end, it would really be a huge dump of the price and more than likely the investors are going to go broke after putting all their hopes in crypto.
Governments cannot be trusted. If CZ is forced to scam, it will have a huge negative impact on Binance and the crypto space and there is certainly uncertainty about whether that situation can be restored or not. FTX was lower exchange platform than Binance but the crypto space could not turn for almost 2 years. But if something like that happens to Binance, it will be almost doomed. But I believe nothing like that is supposed to happen with CZ.
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https://365crypto.org/blog/2024/09/28/cz-binance-founder-free-after-four-months-in-u-s-prison/
(I can see this is going to be some sort of precedent, quoting articles from the official forum's news outlet.)
So anyway, after four months of serving prison time, the former Binance head has now been released.
We know that he can no longer work on anything related to Binance, so what do you guys think he will do now?
I know this is pointless speculation by now but I feel it's good to keep tabs on important people like him.
Binance CEO He probably didn't suffer from Imprisonment He probably overcame his Imprisonment through vacation. Now I mean he was the owner of a large community now maybe he is the former owner. But his knowledge has not yet diminished, he must do good with his knowledge. Either way we think he'll be tied to his platform if not publicly, but certainly tied to his current CEO.
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I know he's so rich, right? He could do anything. Maybe he could set up another thing that could be a game-changer, like Binance. CZ has a lot of time and a lot of money, so I guess it’s up to him. Let’s just wait for the updates.
Maybe prevent himself from getting jailed again
CZ, the owner of the popular crypto exchange Binance, is currently out of jail on the condition that he cannot claim to be the CEO of Binance for the rest of his life. But he should build a new platform where he can contribute and since he has previous experience it will not be difficult for him to build a new platform.
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We know that he can no longer work on anything related to Binance, so what do you guys think he will do now?
Well CZ is well known in the crypto space for his mantra "Your Money is SAFU" hahhah but seriously he really good as CEO of binance born in 2017 and be number one exchange in the world and took the old exchange like poloniex kraken etc.
in my opinion, he is not going to be a CEO again but for now after he free maybe he gonna act as an advisor in the company
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https://365crypto.org/blog/2024/09/28/cz-binance-founder-free-after-four-months-in-u-s-prison/
(I can see this is going to be some sort of precedent, quoting articles from the official forum's news outlet.)
So anyway, after four months of serving prison time, the former Binance head has now been released.
We know that he can no longer work on anything related to Binance, so what do you guys think he will do now?
I know this is pointless speculation by now but I feel it's good to keep tabs on important people like him.
I don't know if anyone have mentioned this before now, but before he began serving his prison term, he had posted through his official X account that he will be embarking on a new journey, which simply means that he will be starting a new project, he said the project will be something for the younger generation like children and teenagers, possibly crypto related but he won't be creating or even needing a crypto asset.
This he said long ago after he stepped down as Binance CEO and before he started serving his jail sentence, I personally want to believe that that is possibly what he will be working on building at the moment, but then, only time will tell the actual truth.
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We know that he can no longer work on anything related to Binance, so what do you guys think he will do now?
Well CZ is well known in the crypto space for his mantra "Your Money is SAFU" hahhah but seriously he really good as CEO of binance born in 2017 and be number one exchange in the world and took the old exchange like poloniex kraken etc.
in my opinion, he is not going to be a CEO again but for now after he free maybe he gonna act as an advisor in the company
CZ is still needed at Binance, even though he may not be the CEO anymore, but his idea is very good if he returns to Binance, because CZ is the figure who made Binance the largest exchange and as long as I have used Binance until now, it has been safe, because I spend a lot of time on Binance for trading.
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Good news if CZ is out of prison and I hope CZ can make a good contribution to Binance because he is a smart person, even though he is involved in the law, we cannot forget CZ's contribution which has made Binance big and popular as the largest exchange.
If I'm him, I will just lay low and judgimg from his last post on X, that's what he is going to do. He will be doing things under the ground because firsts and foremost, the company has learned and they learnt the hard way and from henceforth, the placea they made mistake, they will make sure they make ammendments to those areas for future.
My only fear now is that, you see that $4b Binance paid to the US, the users are going to pay back that money whether through fees or even without knowing. Who knows if Binance are heaving heavy positions hoping to liquidate bulls and bears just to make back that money. It's something they can do actually so traders should be cautious.
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Governments cannot be trusted. If CZ is forced to scam, it will have a huge negative impact on Binance and the crypto space and there is certainly uncertainty about whether that situation can be restored or not. FTX was lower exchange platform than Binance but the crypto space could not turn for almost 2 years. But if something like that happens to Binance, it will be almost doomed. But I believe nothing like that is supposed to happen with CZ.
I don't understand the part of your post where you say CZ may be forced to scam, that would be like digging his own grave. The "problem" that FTX had has nothing to do with nor is it similar to what happened to CZ, in fact, just four months in prison were enough to "solve" the problem, although in reality, the price that CZ has paid (and he will continue to pay) is really expensive, since as I told, his freedom from now on will not be like before. Now CZ will have to be careful every time he makes an "unusual" move.
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Good news if CZ is out of prison and I hope CZ can make a good contribution to Binance because he is a smart person, even though he is involved in the law, we cannot forget CZ's contribution which has made Binance big and popular as the largest exchange.
If I'm him, I will just lay low and judgimg from his last post on X, that's what he is going to do. He will be doing things under the ground because firsts and foremost, the company has learned and they learnt the hard way and from henceforth, the placea they made mistake, they will make sure they make ammendments to those areas for future.
My only fear now is that, you see that $4b Binance paid to the US, the users are going to pay back that money whether through fees or even without knowing. Who knows if Binance are heaving heavy positions hoping to liquidate bulls and bears just to make back that money. It's something they can do actually so traders should be cautious.
The profit obtained by binance as the largest exchange by paying $ 4M to the US, binance actually already has a calculation with that. If CZ's freedom is paid dearly of course because CZ's devotion to binance is very high to make binance the largest exchange. We might also pay by transacting there because it is charged a fee, hopefully binance's fee will not be expensive because of this.
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CZ is really a brilliant man who was the founder of Binance. We all know that Binance is a world number 01 crypto exchange so that if a man can develop this kind of exchange he can build a new one.
I personally believe that someone like CZ will never give up on crypto as everything he got in his life came because of crypto and Binance. I know now he can't do anything for Binance or with Binance but someone like him could always think to create even a better alternative. Like Steve Jobs who was kicked out from Apple create Next, similarly CZ may create something that might compete Binance.
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Well maybe he's gonna spend time with family first or maybe lie low from his stressing legal battle against the government who tried to destroy him. You are correct about this being to early to speculate but we don't really have the idea about what will be his next move so maybe we'll wait until his official updates.
Cz all the golden opportunity for the binance because he was very potential person to make potential business idea. now binance are listing many shit coins and that harmas by trading or investment. Binance recently listing cati hamster and some others coins that is continuously dumping everyday and who invest their money on those coins there losing huge money. so I think by listing such shit coins Binance are losing their reputation
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CZ is great personality first of all I think he spent time with his family and friends nd then may be looking for the Bull run bcz he also know the season begins in October and need to make money next few months and live enjoyable life.
I don't think he needs the Bull run to be in profit in the first place, but, sure ;D
He can enjoy life no matter what the cycle is with his position.
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Well maybe he's gonna spend time with family first or maybe lie low from his stressing legal battle against the government who tried to destroy him. You are correct about this being to early to speculate but we don't really have the idea about what will be his next move so maybe we'll wait until his official updates.
Cz all the golden opportunity for the binance because he was very potential person to make potential business idea. now binance are listing many shit coins and that harmas by trading or investment. Binance recently listing cati hamster and some others coins that is continuously dumping everyday and who invest their money on those coins there losing huge money. so I think by listing such shit coins Binance are losing their reputation
You can't blame CZ for that though, I mean even during his reign at the top boss of Binance, there are a lot of shitcoins that have been listed to them. And as long as this project is paying them good money to be listed on their exchange, there is nothing wrong with it.
It's that after it has been listed, we all know that sooner or later it will be dumped by investors or big holders for some profit.
As for CZ's future, I think he is still good to be in the crypto market and still very influential personality. He might have another due project in the future, who knows.
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Many crypto communities read this news, and they hope that there will be a positive impact on BNB in particular. But until now I have not seen any busy activity from CZ in this Cryptocurreny, but on Twitter CZ is seen greeting people through his tweets. Hopefully this is a good sign.
Yeah, I've also seen his tweet about being able to eat more fruits, which is great ;D
The situation should be watched for future updates and moves on the market.
The current market conditions are not good, hopefully after this event there will be good news about the change in the price of Crypto Coins. Try to enter the market, everything looks red hot. Bitcoin and Altcoin all prices have dropped, this is all inseparable from the news of the war between Iran and Israel.
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- I think it's good that he's in such a state of life that he has; after all, he seems to have everything he needs in life, and it looks like that's better; at least he's not stressed yet and doesn't have many worries, unlike when he was the CEO of Binance, where there were many problems to think about and worry about.
Or if he plans to start a new business related to the crypto space, I am sure that many people will support him because of the connection he has and the influence he has.
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- I think it's good that he's in such a state of life that he has; after all, he seems to have everything he needs in life, and it looks like that's better; at least he's not stressed yet and doesn't have many worries, unlike when he was the CEO of Binance, where there were many problems to think about and worry about.
Or if he plans to start a new business related to the crypto space, I am sure that many people will support him because of the connection he has and the influence he has.
It is likely that CZ will return to binance as an advisor. Because Richard Teng is also good as a binance CEO. And it is likely that RT will not be replaced, but who knows, we will see in the future. What is clear, I am glad to hear that CZ is free, hopefully he can contribute his intelligence to the crypto world again.
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You can't blame CZ for that though, I mean even during his reign at the top boss of Binance, there are a lot of shitcoins that have been listed to them. And as long as this project is paying them good money to be listed on their exchange, there is nothing wrong with it.
It's that after it has been listed, we all know that sooner or later it will be dumped by investors or big holders for some profit.
As for CZ's future, I think he is still good to be in the crypto market and still very influential personality. He might have another due project in the future, who knows.
When CZ led Binance he allowed some questionable projects to join exchange. Binance goal was to make money not ensure project quality. As long as projects paid fees Binance profited even if projects did not last. This led to concerns about scams and protecting investors.
Despite these issues CZ remains important in cryptocurrency due to his experience and influence. His future plans are unclear but his reputation and connections suggest he will continue shaping industry possibly with new focus on honesty and long term success.
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- I think it's good that he's in such a state of life that he has; after all, he seems to have everything he needs in life, and it looks like that's better; at least he's not stressed yet and doesn't have many worries, unlike when he was the CEO of Binance, where there were many problems to think about and worry about.
Or if he plans to start a new business related to the crypto space, I am sure that many people will support him because of the connection he has and the influence he has.
It is likely that CZ will return to binance as an advisor. Because Richard Teng is also good as a binance CEO. And it is likely that RT will not be replaced, but who knows, we will see in the future. What is clear, I am glad to hear that CZ is free, hopefully he can contribute his intelligence to the crypto world again.
This is an interesting part to look at as to how things will be in Binance with Teng on the driver’s seat as the CEO. He must have some credibility because there are those who are anticipating his administration. If CZ returns as an advisor it would of course be a huge win for Binance, as well as the broader crypto community. They are truly useful and efficient for CZ, particularly, with the recent increase in the complexity of the rules or restrictions on cryptocurrencies and the issues of the crypto industry in the modern world. If CZ wills be the advisor and Teng as the new CEO, Binance could be even more ready, facing challenges around the globe.
Like in any other analysis, forecasting cannot be perfectly accurate as the future is usually unpredictable as this is impossible to predict. Well the crypto world always stays that way and such management transition is something that will always turn the attention of the people. What however is clear is that should CZ in any way return to the media his input will always be much appreciated by many players. He can also change and improve more than he can lead, those aptitudes have been proved and some experience CZ has had is, perhaps, can be a point where Binance become better in the future and brings a positive addition to the whole crypto ecosystem.
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You can't blame CZ for that though, I mean even during his reign at the top boss of Binance, there are a lot of shitcoins that have been listed to them. And as long as this project is paying them good money to be listed on their exchange, there is nothing wrong with it.
It's that after it has been listed, we all know that sooner or later it will be dumped by investors or big holders for some profit.
As for CZ's future, I think he is still good to be in the crypto market and still very influential personality. He might have another due project in the future, who knows.
When CZ led Binance he allowed some questionable projects to join exchange. Binance goal was to make money not ensure project quality. As long as projects paid fees Binance profited even if projects did not last. This led to concerns about scams and protecting investors.
Despite these issues CZ remains important in cryptocurrency due to his experience and influence. His future plans are unclear but his reputation and connections suggest he will continue shaping industry possibly with new focus on honesty and long term success.
I do agree, after all, it's a CEX, profit is made - things are all good, even if a project is a bit - fishy - for the community as a whole ;D
I do think CZ will become an advisor for Binance, as many suggested there. If not, he has plenty of other options to venture.
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We know that he can no longer work on anything related to Binance, so what do you guys think he will do now?
he can still put in some effort to binance though it is not like he is banned from his own creation he is just not on the forefront of it so you can already expect he will still oversee some operations of binance though it would most likely be a secret or not highlighted
but aside from binance i do not think he will be so eager to jump another project he would probably want everyone to forget what just happened to him but if he does start another project i am sure everyone will tune in
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We know that he can no longer work on anything related to Binance, so what do you guys think he will do now?
he can still put in some effort to binance though it is not like he is banned from his own creation he is just not on the forefront of it so you can already expect he will still oversee some operations of binance though it would most likely be a secret or not highlighted
but aside from binance i do not think he will be so eager to jump another project he would probably want everyone to forget what just happened to him but if he does start another project i am sure everyone will tune in
Yep, he is credible, to say the least, and the project from him would gain a lot of traction for sure.
Let's see how the situation will go from there ;D
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We know that he can no longer work on anything related to Binance, so what do you guys think he will do now?
he can still put in some effort to binance though it is not like he is banned from his own creation he is just not on the forefront of it so you can already expect he will still oversee some operations of binance though it would most likely be a secret or not highlighted
but aside from binance i do not think he will be so eager to jump another project he would probably want everyone to forget what just happened to him but if he does start another project i am sure everyone will tune in
The possibility of CZ will remain in Binance, because CZ has made Binance good despite being involved in a legal case and imprisoned, we cannot forget CZ. Maybe he will be an advisor to Binance. Let's wait for the next news.
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The possibility of CZ will remain in Binance, because CZ has made Binance good despite being involved in a legal case and imprisoned, we cannot forget CZ. Maybe he will be an advisor to Binance. Let's wait for the next news.
Let be honest CZ is Binance and Binance is CZ we cannot take that away when we mentioned Binace we will always think of CZ and when we think of CZ we will always think of Binance These two will never be separated because both are good with one another, and since CZ still has a stake on Binance expect that Binance will continue to be great because Binance attains its greatness because of CZ.
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We know that he can no longer work on anything related to Binance, so what do you guys think he will do now?
he can still put in some effort to binance though it is not like he is banned from his own creation he is just not on the forefront of it so you can already expect he will still oversee some operations of binance though it would most likely be a secret or not highlighted
but aside from binance i do not think he will be so eager to jump another project he would probably want everyone to forget what just happened to him but if he does start another project i am sure everyone will tune in
The possibility of CZ will remain in Binance, because CZ has made Binance good despite being involved in a legal case and imprisoned, we cannot forget CZ. Maybe he will be an advisor to Binance. Let's wait for the next news.
Cz won't remain in binance at an official capacity.. but he could be an advisor.
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The possibility of CZ will remain in Binance, because CZ has made Binance good despite being involved in a legal case and imprisoned, we cannot forget CZ. Maybe he will be an advisor to Binance. Let's wait for the next news.
Let be honest CZ is Binance and Binance is CZ we cannot take that away when we mentioned Binace we will always think of CZ and when we think of CZ we will always think of Binance These two will never be separated because both are good with one another, and since CZ still has a stake on Binance expect that Binance will continue to be great because Binance attains its greatness because of CZ.
- You're right there, mate. Even if we say that he was sentenced to a life ban from Binance formally, that still has no effect because, because of Binance's management, he is still the one they definitely recognize as the real boss.
We may not see him in Binance anymore, but as a major shareholder in Binance, he will still be the voice and brain of Binance as long as it exists in the crypto industry. And then I'm also sure that CC has something good planned, and that's what we should look forward to.
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- You're right there, mate. Even if we say that he was sentenced to a life ban from Binance formally, that still has no effect because, because of Binance's management, he is still the one they definitely recognize as the real boss.
We may not see him in Binance anymore, but as a major shareholder in Binance, he will still be the voice and brain of Binance as long as it exists in the crypto industry. And then I'm also sure that CC has something good planned, and that's what we should look forward to.
Although CZ will not be the CEO of binance anymore, I think CZ will remain in binance even though he is not an official there. CZ is still known as the boss of binance and contributes his thoughts to the progress of binance, It is difficult to let go of CZ with binance, because CZ is identical as a person who has contributed greatly to the development of binance so far.
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I researched it a bit more (meaning I googled it lol) and it turns out the plea deal had a clause which states CZ can never return back to the company. Not as the CEO, not as board member, not as anything at all, he can't be officially working there, he obviously has big part of the company as shareholder, and he is still 50+ billion dollar rich, but that doesn't mean he is going to end up with a great deal of power on that company anymore. Could he still phone them up and tell them what to do? Probably, I mean he is the founder, but they do not have to care what he says anymore.
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We know that he can no longer work on anything related to Binance, so what do you guys think he will do now?
I know this is pointless speculation by now but I feel it's good to keep tabs on important people like him.
This can't be answered by any people in this forum. Why don't ask him directly on his social media accounts? :D
Well, he can do anything he wants. He is only banned to be CEO of Binance, but he is free to be any thing in Binance. Even if he isn't Binance CEO, he is still the founder and owner of Binance exchange. Basically, he has the power to control Binance although he is no longer the CEO.
It is not so different with Justin Sun case. He is no longer the CEO of Tron now. But he easily influences Tron with anything he does. People will never forget the role of top people like CZ and Justin Sun.
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This can't be answered by any people in this forum. Why don't ask him directly on his social media accounts? :D
Well, he can do anything he wants. He is only banned to be CEO of Binance, but he is free to be any thing in Binance. Even if he isn't Binance CEO, he is still the founder and owner of Binance exchange. Basically, he has the power to control Binance although he is no longer the CEO.
It is not so different with Justin Sun case. He is no longer the CEO of Tron now. But he easily influences Tron with anything he does. People will never forget the role of top people like CZ and Justin Sun.
In theory, yes, CZ could hold any position at Binance except the CEO position, but I highly doubt he will. I have already explained in other posts the reasons why I think that, and although some may believe that they are conspiracy theories, that is not the case, CZ is under surveillance, and he knows it, any misstep, no matter how small, could have fatal consequences for him.
I'm not going to say anything about the CZ and Justin Sun comparison, I could spend hours laughing out loud.
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I researched it a bit more (meaning I googled it lol) and it turns out the plea deal had a clause which states CZ can never return back to the company. Not as the CEO, not as board member, not as anything at all, he can't be officially working there, he obviously has big part of the company as shareholder, and he is still 50+ billion dollar rich, but that doesn't mean he is going to end up with a great deal of power on that company anymore. Could he still phone them up and tell them what to do? Probably, I mean he is the founder, but they do not have to care what he says anymore.
If CZ's free agreement is not allowed to return to binance, he can still contribute his thoughts in a way that people don't know and don't need to be exposed. Because CZ is a smart person and has brought binance to be the biggest. so don't worry, maybe officially CZ is not a binance official but his suggestions can still be used by binance.
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If CZ's free agreement is not allowed to return to binance, he can still contribute his thoughts in a way that people don't know and don't need to be exposed. Because CZ is a smart person and has brought binance to be the biggest. so don't worry, maybe officially CZ is not a binance official but his suggestions can still be used by binance.
yeah, I completely agree: no one can stop CZ from sharing his views, and Teng can definitely listen and apply them to Binance. CZ has invested so much effort and time into building the Binance empire, I believe he won't easily give up on his brainchild.
Personally, I'm keen to hear CZ thoughts on current and upcoming market trends. CZ experience is vast enough for him to provide accurate and valuable insights. Sometimes I'd rather read CZ tweets than listen to Vitalik Buterin speeches on addressing Ethereum decentralization issues ^^
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https://365crypto.org/blog/2024/09/28/cz-binance-founder-free-after-four-months-in-u-s-prison/
(I can see this is going to be some sort of precedent, quoting articles from the official forum's news outlet.)
So anyway, after four months of serving prison time, the former Binance head has now been released.
We know that he can no longer work on anything related to Binance, so what do you guys think he will do now?
I know this is pointless speculation by now but I feel it's good to keep tabs on important people like him.
I think he will enjoy his holidays now I am sure he will have enough money to enjoy the rest life but people with a growing mindset don't stay put for long they always find something that suits them best. If he has the opportunity I guess he might start another exchange but maybe not due to the devotion he has for Binance. There was a bullish sentiment among a few BNB lovers who thought after his release the market could pump but It did not which is sad.
The first thing he did was post on Twitter two words GM. We should keep tabs on CZ his actions are very crucial for market movements but now all eyes are on war so maybe we don't have to worry for CZ now
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We know that he can no longer work on anything related to Binance, so what do you guys think he will do now?
he can still put in some effort to binance though it is not like he is banned from his own creation he is just not on the forefront of it so you can already expect he will still oversee some operations of binance though it would most likely be a secret or not highlighted
but aside from binance i do not think he will be so eager to jump another project he would probably want everyone to forget what just happened to him but if he does start another project i am sure everyone will tune in
The possibility of CZ will remain in Binance, because CZ has made Binance good despite being involved in a legal case and imprisoned, we cannot forget CZ. Maybe he will be an advisor to Binance. Let's wait for the next news.
is it possible, from a CEO to just an advisor, i think it is very out of control where CZ does not have full power in binance and we know binance is a company he founded
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is it possible, from a CEO to just an advisor, i think it is very out of control where CZ does not have full power in binance and we know binance is a company he founded
From what I read CZ is not allowed to return to binance, as a condition of his release, so it is likely that CZ will work behind the scenes.
Even though CZ is banned from returning to binance, he can still express his thoughts by giving advice to the current binance CEO, so I don't think this is a big deal
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is it possible, from a CEO to just an advisor, i think it is very out of control where CZ does not have full power in binance and we know binance is a company he founded
It is a fact that legally (this should be written into the agreement so that he does not spend more time in jail) CZ cannot be CEO, and although he could be an advisor or maintain a lower profile at Binance, he most likely will not do so, logically, this agreement, with different clauses, will not be shown publicly, but I think we can all get an idea of the conditions.
I'm almost sure that CZ will still make decisions at Binance, but he won't sign documents, he won't make public statements about new deals, and his face will not be the one we see when the Binance logo appears in some news. He will probably do things related to Binance, but always from the background.
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The possibility of CZ will remain in Binance, because CZ has made Binance good despite being involved in a legal case and imprisoned, we cannot forget CZ. Maybe he will be an advisor to Binance. Let's wait for the next news.
Let be honest CZ is Binance and Binance is CZ we cannot take that away when we mentioned Binace we will always think of CZ and when we think of CZ we will always think of Binance These two will never be separated because both are good with one another, and since CZ still has a stake on Binance expect that Binance will continue to be great because Binance attains its greatness because of CZ.
I agree if you say binance is CZ, because we can't forget it because binance's success is because of CZ. And regarding whether CZ will return to binance, even though it is not allowed by government rules, CZ's thoughts will still be needed by binance. And no one can prohibit CZ's thoughts and ideas from being implemented into binance, what is limited is only the person, not his thoughts.
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The possibility of CZ will remain in Binance, because CZ has made Binance good despite being involved in a legal case and imprisoned, we cannot forget CZ. Maybe he will be an advisor to Binance. Let's wait for the next news.
Let be honest CZ is Binance and Binance is CZ we cannot take that away when we mentioned Binace we will always think of CZ and when we think of CZ we will always think of Binance These two will never be separated because both are good with one another, and since CZ still has a stake on Binance expect that Binance will continue to be great because Binance attains its greatness because of CZ.
Whether CZ continuous to work with Binance or not, Binance is CZ and CZ is binance. He will still have impact directly or indirectly on Binance.
Even if binance has to make CZ her adviser, it will not have to get public attention or announcement.
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https://365crypto.org/blog/2024/09/28/cz-binance-founder-free-after-four-months-in-u-s-prison/
(I can see this is going to be some sort of precedent, quoting articles from the official forum's news outlet.)
So anyway, after four months of serving prison time, the former Binance head has now been released.
We know that he can no longer work on anything related to Binance, so what do you guys think he will do now?
I know this is pointless speculation by now but I feel it's good to keep tabs on important people like him.
I think he will enjoy his holidays now I am sure he will have enough money to enjoy the rest life but people with a growing mindset don't stay put for long they always find something that suits them best. If he has the opportunity I guess he might start another exchange but maybe not due to the devotion he has for Binance. There was a bullish sentiment among a few BNB lovers who thought after his release the market could pump but It did not which is sad.
The first thing he did was post on Twitter two words GM. We should keep tabs on CZ his actions are very crucial for market movements but now all eyes are on war so maybe we don't have to worry for CZ now
After all, it is better that he enjoys his life with his loved ones first, and at least if he does it without pressure and hassle, he can peacefully think with his family. And if he has any plans related to the cryptocurrency business industry, we know that many people are waiting for him to do that.
It seems like it's only Elon Musk's post on Twitter that many people are waiting for, and for sure the crypto community will think positively, so it's probably the same for CZ when he posts on X apps.
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The possibility of CZ will remain in Binance, because CZ has made Binance good despite being involved in a legal case and imprisoned, we cannot forget CZ. Maybe he will be an advisor to Binance. Let's wait for the next news.
Let be honest CZ is Binance and Binance is CZ we cannot take that away when we mentioned Binace we will always think of CZ and when we think of CZ we will always think of Binance These two will never be separated because both are good with one another, and since CZ still has a stake on Binance expect that Binance will continue to be great because Binance attains its greatness because of CZ.
Whether CZ continuous to work with Binance or not, Binance is CZ and CZ is binance. He will still have impact directly or indirectly on Binance.
Even if binance has to make CZ her adviser, it will not have to get public attention or announcement.
Maybe you are right - I do think he will have to venture into something else, but Binance will still be associated with him.
Let's hope it will be for the better.
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After all, it is better that he enjoys his life with his loved ones first, and at least if he does it without pressure and hassle, he can peacefully think with his family. And if he has any plans related to the cryptocurrency business industry, we know that many people are waiting for him to do that.
It seems like it's only Elon Musk's post on Twitter that many people are waiting for, and for sure the crypto community will think positively, so it's probably the same for CZ when he posts on X apps.
Spending time with family after jail must feel like Heaven never had such an experience and I hope we never come to such a way. Time spend with family is the best time he has 5 children and he can go anywhere with them if given permission from the state. A refreshing mind brings more ideas and investors need such ideas.
But to be honest he might not think about any other project right now but getting back into his chair again will be the main focus of him and maybe the current focus can be to arrange money to pay to SEC and Court.
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After all, it is better that he enjoys his life with his loved ones first, and at least if he does it without pressure and hassle, he can peacefully think with his family. And if he has any plans related to the cryptocurrency business industry, we know that many people are waiting for him to do that.
It seems like it's only Elon Musk's post on Twitter that many people are waiting for, and for sure the crypto community will think positively, so it's probably the same for CZ when he posts on X apps.
Spending time with family after jail must feel like Heaven never had such an experience and I hope we never come to such a way. Time spend with family is the best time he has 5 children and he can go anywhere with them if given permission from the state. A refreshing mind brings more ideas and investors need such ideas.
But to be honest he might not think about any other project right now but getting back into his chair again will be the main focus of him and maybe the current focus can be to arrange money to pay to SEC and Court.
You are right, family is the main thing after getting out of prison CZ should enjoy the day with his family and not have to think about the project again. because I also read it seems like there is an agreement so that CZ does not return to binance, whether this is true or not.
CZ is a smart person who has raised binance, so CZ's thoughts are still needed in binance, and I am sure CZ has new ideas so that binance remains the largest exchange.
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As far as I know, CZ stands for Chanpeng Zhao, he is the founder of the famous cryptocurrency market, Binance. I once read that CZ was imprisoned on complex charges about the Binance market and this was a punishment that was a warning from the authorities.
With CZ's release, I am sure Binance will have a positive effect on all coins, maybe from various events there will be something new that makes the coin turn green and increase in price.
Especially maybe the BNB coin created by CZ, I am sure BNB might go up 1x from its current price, this is just my opinion.
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You are right, family is the main thing after getting out of prison CZ should enjoy the day with his family and not have to think about the project again. because I also read it seems like there is an agreement so that CZ does not return to binance, whether this is true or not.
CZ is a smart person who has raised binance, so CZ's thoughts are still needed in binance, and I am sure CZ has new ideas so that binance remains the largest exchange.
This is true but under conditions and they can't stop him from being again the CEO of Binance. Binance will still remain the top exchange due to its huge holdings of BTC and other coins and the trading volume on this exchange is increasing day by day. They have listed hyped tokens like HMSTR, DOGS, NOTS, etc.
I can't say anything about whether he is interested in starting work again or wants to spend time with family so till then we can wait for the updates.
As far as I know, CZ stands for Chanpeng Zhao, he is the founder of the famous cryptocurrency market, Binance. I once read that CZ was imprisoned on complex charges about the Binance market and this was a punishment that was a warning from the authorities.
With CZ's release, I am sure Binance will have a positive effect on all coins, maybe from various events there will be something new that makes the coin turn green and increase in price.
Especially maybe the BNB coin created by CZ, I am sure BNB might go up 1x from its current price, this is just my opinion.
It did not go up I kept an eye on it but it did not increase and most of the people thought it would pump but it did not. Your information about CZ is correct he now has been released and spending time with family we are waiting for his next move now.
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CZ is a free man after serving his prison time, but I think is freedom may have some limitation , and it is likely that the US security agency involved on crypto related transactions just similar to the issue he was sentences to prison, may be monitoring his activities.
Again, it very clear that he can no longer work in Binance but I think he may be a contacted on specific issues involving cryptocurrency, blockchain developments, and he can also render solutions to some certain cryptocurrency difficult problems.
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CZ is a free man after serving his prison time, but I think is freedom may have some limitation , and it is likely that the US security agency involved on crypto related transactions just similar to the issue he was sentences to prison, may be monitoring his activities.
Again, it very clear that he can no longer work in Binance but I think he may be a contacted on specific issues involving cryptocurrency, blockchain developments, and he can also render solutions to some certain cryptocurrency difficult problems.
Well, Finally CZ received the day he has been waiting for. Although he is not active at Binance any longer still his knowledge regarding the cryptocurrency space and the overall world could prove useful for the growth of blockchain technology let alone the future of the implementation of the blockchain world. His activities will most certainly be closely scrutinized, primarily in the crypto-related operations, but this could also create nice openings for CZ to act as a consultant or an advisor to projects which might need his skills and experience. In fact, CZ has not spared Binance since it is an exchange he created and now forms part of major exchanges globally. Nevertheless, the best thing that CZ no longer works directly for Binance while still advising blockchain developers or working with them could be a solution to stay engaged in the crypto market without violating any laws that bar him from doing so.
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The possibility of CZ will remain in Binance, because CZ has made Binance good despite being involved in a legal case and imprisoned, we cannot forget CZ. Maybe he will be an advisor to Binance. Let's wait for the next news.
Let be honest CZ is Binance and Binance is CZ we cannot take that away when we mentioned Binace we will always think of CZ and when we think of CZ we will always think of Binance These two will never be separated because both are good with one another, and since CZ still has a stake on Binance expect that Binance will continue to be great because Binance attains its greatness because of CZ.
Whether CZ continuous to work with Binance or not, Binance is CZ and CZ is binance. He will still have impact directly or indirectly on Binance.
Even if binance has to make CZ her adviser, it will not have to get public attention or announcement.
When various complaints started coming about Binance, CZ took a decision to step down from the responsibility of Binance and gave the responsibility to one of his nominees. This means we cannot assume that he has moved away from Binance. He is there indirectly without being directly involved. I think there is no difference with the current CEO and CZ of Binance.
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When various complaints started coming about Binance, CZ took a decision to step down from the responsibility of Binance and gave the responsibility to one of his nominees. This means we cannot assume that he has moved away from Binance. He is there indirectly without being directly involved. I think there is no difference with the current CEO and CZ of Binance.
Fully believing with CZ still stand as important position behind Binance although recently he has quit all regarding regulation from United State government. But CZ most trusted person and want secure the Binance exchange by leaving his position although he most important person build Binance until success become most popular as global exchange market.
Since got free at the end last month, CZ not tweet anything yet about cryptocurrency and still hidden him self from public, I am waiting what the first his tweet after getting free will back to cryptocurrency or not?
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https://365crypto.org/blog/2024/09/28/cz-binance-founder-free-after-four-months-in-u-s-prison/
(I can see this is going to be some sort of precedent, quoting articles from the official forum's news outlet.)
So anyway, after four months of serving prison time, the former Binance head has now been released.
We know that he can no longer work on anything related to Binance, so what do you guys think he will do now?
I know this is pointless speculation by now but I feel it's good to keep tabs on important people like him.
I don't think it is pointless speculation because it also matters Maybe he is thinking of coming up with something big, like when he got out of jail he let his community know that he was out by posting on X and now I heard in the news that he will be joining the Binance Blockchain Week at 31 October so we may hear something new from him like how was his time.
What are his future goals now? His presence somehow makes us trust Binance more and we think Binance and BSC blockchain is being run by this dude don't know why I have this feeling but he is pro and must have some plan to be back in the game.
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I don't think it is pointless speculation because it also matters Maybe he is thinking of coming up with something big, like when he got out of jail he let his community know that he was out by posting on X and now I heard in the news that he will be joining the Binance Blockchain Week at 31 October so we may hear something new from him like how was his time.
What are his future goals now? His presence somehow makes us trust Binance more and we think Binance and BSC blockchain is being run by this dude don't know why I have this feeling but he is pro and must have some plan to be back in the game.
There is no doubt about CZ, this guy is a smart guy who has brought binance to become the largest exchange. He will always have good ideas, but I read he was not allowed to return to binance, is this true? because if that is true, he will not be the CEO of binance again in the future. but CZ's thoughts will always be needed there.
I also agree that CZ is a professional who will have great ideas in the crypto world, let's just see.
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There is no doubt about CZ, this guy is a smart guy who has brought binance to become the largest exchange. He will always have good ideas, but I read he was not allowed to return to binance, is this true? because if that is true, he will not be the CEO of binance again in the future. but CZ's thoughts will always be needed there.
I also agree that CZ is a professional who will have great ideas in the crypto world, let's just see.
Unfortunately he won't be able to be the CEO of Binance again as according to this news (https://www.binance.com/fr-AF/square/post/13169379540777#:~:text=Binance%20CEO%20Richard%20Teng%20has,would%20last%20only%20several%20years.) he is prohibited to run the Binance for lifetime. So, I don't think there is any way for him to be back in the seat of CEO but I think he will come up with something unique maybe some other exchange would use his excellence, or maybe some investors would already be approaching to him to start another startup.
Although anything can happen in crypto. We must keep an eye on it because besides its impact on the price of BTC, we might find some earning opportunity or learning opportunity from him. He gave real motivation.
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There is no doubt about CZ, this guy is a smart guy who has brought binance to become the largest exchange. He will always have good ideas, but I read he was not allowed to return to binance, is this true? because if that is true, he will not be the CEO of binance again in the future. but CZ's thoughts will always be needed there.
I also agree that CZ is a professional who will have great ideas in the crypto world, let's just see.
Unfortunately he won't be able to be the CEO of Binance again as according to this news (https://www.binance.com/fr-AF/square/post/13169379540777#:~:text=Binance%20CEO%20Richard%20Teng%20has,would%20last%20only%20several%20years.) he is prohibited to run the Binance for lifetime. So, I don't think there is any way for him to be back in the seat of CEO but I think he will come up with something unique maybe some other exchange would use his excellence, or maybe some investors would already be approaching to him to start another startup.
Although anything can happen in crypto. We must keep an eye on it because besides its impact on the price of BTC, we might find some earning opportunity or learning opportunity from him. He gave real motivation.
CZ may not be the CEO of Binance officially, but I strongly believe that he’s still running Binance behind closed doors, he only officially transferred ownership of Binance to someone else but I don’t believe he’ll completely step down, because we all know that he only did that jus to save the company and not really because it was really his intentions to do so.
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CZ may not be the CEO of Binance officially, but I strongly believe that he’s still running Binance behind closed doors, he only officially transferred ownership of Binance to someone else but I don’t believe he’ll completely step down, because we all know that he only did that jus to save the company and not really because it was really his intentions to do so.
I also think so, maybe officially CZ is not the CEO of binance anymore but he will be behind the scenes giving direction and ideas. CZ is the figure who has raised binance and BNB coin and we can't forget that, I also believe he will not leave binance.
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I also think so, maybe officially CZ is not the CEO of binance anymore but he will be behind the scenes giving direction and ideas. CZ is the figure who has raised binance and BNB coin and we can't forget that, I also believe he will not leave binance.
Definitely.
It’s not as if no one else has the experience or skill to run the company, but even if someone else steps in, we may surely observe the difference in operation, but nothing about Binance has changed that’s why I believe CZ’s resignation was nothing more but just a strategy to save the company, so when/if he eventually goes down, he wouldn’t drag the company along with him, because if he hadn’t done so and had to go down due to the charges, it would have certainly affected the fate and future of the company for sure.
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CZ may not be the CEO of Binance officially, but I strongly believe that he’s still running Binance behind closed doors, he only officially transferred ownership of Binance to someone else but I don’t believe he’ll completely step down, because we all know that he only did that jus to save the company and not really because it was really his intentions to do so.
You are right it was not intentionally done, its just they want him out of the industry or give them what they were asking the real issue never came out because they are not the only ones providing their services illegally or we can say without any registration with authorities as Coinbase was also doing the same then why going after CZ.
I think the main reason might be they thought Binance was being used to transfer funds to terrorist groups in hamas or etc. which is not fully true so they just caught him for the crime which he did not did but he did not monitor it haha like then all the police and the higher ranks in police should be in jail for not making peace.
PS: I don't think its possible for the CZ to even run Binance now, he just setup the system of Binance that even if he dies the Binance will still be running so it's just the system and the structure being made not the person running it alone.
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I also think so, maybe officially CZ is not the CEO of binance anymore but he will be behind the scenes giving direction and ideas. CZ is the figure who has raised binance and BNB coin and we can't forget that, I also believe he will not leave binance.
Definitely.
It’s not as if no one else has the experience or skill to run the company, but even if someone else steps in, we may surely observe the difference in operation, but nothing about Binance has changed that’s why I believe CZ’s resignation was nothing more but just a strategy to save the company, so when/if he eventually goes down, he wouldn’t drag the company along with him, because if he hadn’t done so and had to go down due to the charges, it would have certainly affected the fate and future of the company for sure.
In my opinion, that is still a very realistic vision hearing CZ’s resignation like this is to preserve Binance. We can make sense that this decision was not simply a change of the leadership but an effort to prevent other huge issues within the firm. It also demonstrate high level of commitment to the future of the company and the possibility to carry on its business while leaving personal problems to be dealt at a personal level. As for Binance, with a strong team and rather sensible systems, everything is still proceeding in the right direction, so there should not be doubt that the company will remain stable to function regardless of changing its CEO.
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In my opinion, that is still a very realistic vision hearing CZ’s resignation like this is to preserve Binance. We can make sense that this decision was not simply a change of the leadership but an effort to prevent other huge issues within the firm. It also demonstrate high level of commitment to the future of the company and the possibility to carry on its business while leaving personal problems to be dealt at a personal level. As for Binance, with a strong team and rather sensible systems, everything is still proceeding in the right direction, so there should not be doubt that the company will remain stable to function regardless of changing its CEO.
I agree with you on this.
Many of us here, if not all knows CZ simply because of Binance, and that’s his legacy that took him decades to build and grow to this very height, it’ll be too much a risk for him to still maintain th position of the CEO of Binance while simultaneously taking care of his personal matters knowing fully well he’s the face of Binance and so the possibility of taking Binance along with him, should eventually he takes a fall.
A lot of people thought Binance and the BNB was really going to suffer while the case lasted, and this would’ve actually happened if CZ hadn’t decided to transfer leadership and I believe that was the hardest but best decision CZ had ever made for Binance.
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I agree with you on this.
Many of us here, if not all knows CZ simply because of Binance, and that’s his legacy that took him decades to build and grow to this very height, it’ll be too much a risk for him to still maintain th position of the CEO of Binance while simultaneously taking care of his personal matters knowing fully well he’s the face of Binance and so the possibility of taking Binance along with him, should eventually he takes a fall.
A lot of people thought Binance and the BNB was really going to suffer while the case lasted, and this would’ve actually happened if CZ hadn’t decided to transfer leadership and I believe that was the hardest but best decision CZ had ever made for Binance.
CZ is facing legal issues and from what I read he is free but not allowed to return to binance. We all know binance became the largest exchange because of CZ's services, but that's how it happened. CZ must be willing to let go of all that and go through an agreement with the authorities not to return to binance, I hope there is a re-negotiation between CZ and the authorities so that CZ can return to binance, after all binance needs CZ.
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I also think so, maybe officially CZ is not the CEO of binance anymore but he will be behind the scenes giving direction and ideas. CZ is the figure who has raised binance and BNB coin and we can't forget that, I also believe he will not leave binance.
If they voluntarily give him that position to say it publicly, he will deny it because CZ is smart but I will tell you for free that CZ is still the face behind Binance, nobody will be able to lead that project without him because it's something he built from scratch with his head and his wife support and other investors, no way he is going to abandoned that billion dollar project.
I just hope he the silent move doesn't make Binance idle market place because there will not be a best forever, there is room for others to grow and I expect others to over thrown Binance one day just like Elon shake the world in 2020.
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CZ is facing legal issues and from what I read he is free but not allowed to return to binance. We all know binance became the largest exchange because of CZ's services, but that's how it happened. CZ must be willing to let go of all that and go through an agreement with the authorities not to return to binance, I hope there is a re-negotiation between CZ and the authorities so that CZ can return to binance, after all binance needs CZ.
Renegotiation you say. I doubt this would in any way be possible. This is because, the main reason for this controversy and the whole case stuff was actually to get CZ off the way, or should I say off the market, and unfortunately for CZ, it worked, they managed to officially take him off the market and there’s no bloody way they’ll agree for a renegotiation for CZ to return to Binance. I believe they have their reason for strategically pushing CZ outta the way, and there’s definitely no chance they’ll be letting CZ go back.
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CZ is facing legal issues and from what I read he is free but not allowed to return to binance. We all know binance became the largest exchange because of CZ's services, but that's how it happened. CZ must be willing to let go of all that and go through an agreement with the authorities not to return to binance, I hope there is a re-negotiation between CZ and the authorities so that CZ can return to binance, after all binance needs CZ.
Renegotiation you say. I doubt this would in any way be possible. This is because, the main reason for this controversy and the whole case stuff was actually to get CZ off the way, or should I say off the market, and unfortunately for CZ, it worked, they managed to officially take him off the market and there’s no bloody way they’ll agree for a renegotiation for CZ to return to Binance. I believe they have their reason for strategically pushing CZ outta the way, and there’s definitely no chance they’ll be letting CZ go back.
many people have the same mindset as you, CZ was deliberately removed from binance. but CZ is a smart person, even though he can't return to binance but he can create a new project or become a binance advisor even though it's not official.
There are many allegations about CZ and also durov, let's just follow the flow.
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CZ may not be the CEO of Binance officially, but I strongly believe that he’s still running Binance behind closed doors, he only officially transferred ownership of Binance to someone else but I don’t believe he’ll completely step down, because we all know that he only did that jus to save the company and not really because it was really his intentions to do so.
I also think so, maybe officially CZ is not the CEO of binance anymore but he will be behind the scenes giving direction and ideas. CZ is the figure who has raised binance and BNB coin and we can't forget that, I also believe he will not leave binance.
Yes they Don't announced CZ as CEO again but he is still with Binance. He is important part of Binance. He is talented person and he made bnb and Binance much popular. I think Binance forget his importance. CZ is big asset for Binance. CZ also master Planner and Marketer. So now a days Binance is huge popular. I think CZ will stay with Binance in future.
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many people have the same mindset as you, CZ was deliberately removed from binance. but CZ is a smart person, even though he can't return to binance but he can create a new project or become a binance advisor even though it's not official.
There are many allegations about CZ and also durov, let's just follow the flow.
He was removed but it wasn't the plan. Who knows if it was CZ that plan that with his lawyer so they can reduce his sentencing. There is going to be a lot of damage to the company if the CEO is been arrested and when prosecute, it will have a detrimental effect on the and that was what CZ was trying to avoid, he was trying to protect what he has built.
It's reasonable to say that company can't function without head of the company and it's best he voluntarily allow another person to be CEO and perhaps that's the person he trusted the most at that time but I believe he is richer than everyone. Maybe they will make him the chief instead of the CEO, that sound morr interesting than the CEO.
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many people have the same mindset as you, CZ was deliberately removed from binance. but CZ is a smart person, even though he can't return to binance but he can create a new project or become a binance advisor even though it's not official.
There are many allegations about CZ and also durov, let's just follow the flow.
He was removed but it wasn't the plan. Who knows if it was CZ that plan that with his lawyer so they can reduce his sentencing. There is going to be a lot of damage to the company if the CEO is been arrested and when prosecute, it will have a detrimental effect on the and that was what CZ was trying to avoid, he was trying to protect what he has built.
It's reasonable to say that company can't function without head of the company and it's best he voluntarily allow another person to be CEO and perhaps that's the person he trusted the most at that time but I believe he is richer than everyone. Maybe they will make him the chief instead of the CEO, that sound morr interesting than the CEO.
It could be that the current CEO of binance is a trusted person of CZ, because it is impossible for CZ to give the position of CEO to someone he does not understand.
And about binance and CZ, we will actually just see in the future because it seems that the CEO who replaces CZ also has a good contribution and can be relied on so while in prison CZ is also calm because binance is still running and the BNB coin is also fine. Richard Teng also has good competence as a CEO.
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many people have the same mindset as you, CZ was deliberately removed from binance. but CZ is a smart person, even though he can't return to binance but he can create a new project or become a binance advisor even though it's not official.
There are many allegations about CZ and also durov, let's just follow the flow.
He was removed but it wasn't the plan. Who knows if it was CZ that plan that with his lawyer so they can reduce his sentencing. There is going to be a lot of damage to the company if the CEO is been arrested and when prosecute, it will have a detrimental effect on the and that was what CZ was trying to avoid, he was trying to protect what he has built.
It's reasonable to say that company can't function without head of the company and it's best he voluntarily allow another person to be CEO and perhaps that's the person he trusted the most at that time but I believe he is richer than everyone. Maybe they will make him the chief instead of the CEO, that sound morr interesting than the CEO.
It could be that the current CEO of binance is a trusted person of CZ, because it is impossible for CZ to give the position of CEO to someone he does not understand.
And about binance and CZ, we will actually just see in the future because it seems that the CEO who replaces CZ also has a good contribution and can be relied on so while in prison CZ is also calm because binance is still running and the BNB coin is also fine. Richard Teng also has good competence as a CEO.
Of course, the change of CEO position at Binance is not random and even more so since it is known that the role of the CEO is critical to maintaining the financial stability of a business. It may therefore be an indication that Teng has the capacity as well as competence in doing the job if, indeed, Richard Teng is the person that CZ trusts. Even if CZ has personal problems, Binance should still work well due to is vast experience and knowledge of the market. This is also great and stable management of resources, which guarantees the development of Binance’s business and maintains the stability of the BNB coin for CZ. We can still watch how the binance grows under this new leadership.
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many people have the same mindset as you, CZ was deliberately removed from binance. but CZ is a smart person, even though he can't return to binance but he can create a new project or become a binance advisor even though it's not official.
There are many allegations about CZ and also durov, let's just follow the flow.
CZ is too smart to just disappear, plus he’s already got lots of influence. I bet he’s already cooking up something big, who knows, maybe even bigger than Binance. I think right now he’s just laying low till this whole case disappears and the smoke clears from the atmosphere and then maybe he’ll unfold his big move.
A lot of people (including myself) are closely following and watching his next big move and rumors are already swirling all over the place. But if there’s one thing I know for sure, that’s the fact that CZ’s work ain’t done yet in the crypto world, he’s still going to make more and even more impact on crypto.
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CZ is too smart to just disappear, plus he’s already got lots of influence. I bet he’s already cooking up something big, who knows, maybe even bigger than Binance. I think right now he’s just laying low till this whole case disappears and the smoke clears from the atmosphere and then maybe he’ll unfold his big move.
A lot of people (including myself) are closely following and watching his next big move and rumors are already swirling all over the place. But if there’s one thing I know for sure, that’s the fact that CZ’s work ain’t done yet in the crypto world, he’s still going to make more and even more impact on crypto.
CZ now has to be "away" from everything until some time passes, but after that time I'm sure CZ will come back with something new. In any case, I do not think that what CZ does from now on will be bigger than Binance as you say, since I think it is better that it maintain a low level and not stand out from the rest of the products/companies, since that could put it back in the center of attention. Overcoming established products with a new product would put CZ back in the media and that would put him at risk again.