Binance Founder Changpeng Zhao Unveils What’s Next for Him After Early Prison Release
The founder and former CEO of Binance, Changpeng Zhao, is revealing his plans for the future following his release from prison after serving a four-month sentence.
Zhao says that for the next few years, the Giggle Academy – his education startup focused on reducing the global illiteracy rate – will be a “big part” of his life.
Launched as a non-profit earlier this year, Giggle Academy’s mission is to provide free basic (grade 1 to 12 level) education in a manner “entertaining to children all around the world.” The zero-revenue education platform, which is completely online, aims to offer an adaptive individualized curriculum.
On other ventures that he will be pursuing, the Binance founder says,
“[I] Will continue to invest in blockchain/decentralized technologies, artificial intelligence (AI), and biotechnology. I am a long-term investor who cares about impact, not returns.
I will also dedicate more time and funding to charity (and education). I have some rough ideas.”
Zhao also says that he will continue writing a book on his life.
“About 2/3 done, I think. Writing a book is a lot more work than I anticipated, but will see this one through.”
The Binance founder was reportedly released on September 27th after spending about two months at Lompoc II, a minimum security prison in California and the remainder of his sentence at a halfway house.
He stepped down as the CEO of the world’s largest crypto exchange in November of 2023 after he pled guilty to violating US anti-money laundering laws.
On top of the four-month jail sentence, Zhao was fined $50 million. Prior to starting his jail sentence, Zhao vowed to remain a passive investor in the cryptocurrency industry and a holder of crypto assets.
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