CZ is now a free man

[NotATether]

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.

[robelneo]

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

[0t3p0t]

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.

[Freemind]

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.

[electronicash]

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.

[Sim_card]

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.

[weFF]

Hard to disagree, what type of freedom is it when you're under a magnifying glass. Still nice, home clearly better than cell.

[SamReomo]

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.

[NotATether]

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.

[Baofeng]

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.

[joniboini]

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.

[Freemind]

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.

[hugeblack]

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.

[saprakib]

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.

[bounceback]

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.