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Changpeng Zhao, also known as CZ, the former Binance chief executive and its largest stake holder, has made to the cover of the fresh issue of Foresight News – the largest multilingual Web3 media platform in the Asia-Pacific region.
CZ talked about various topics – many were connected to Binance, meme coins, etc, but he also spoke about the four months he spent in prison last year. CZ retweeted the X post about this interview, sharing it on his personal X page.
Gamza KhanzadaevCZ highlights prison impact on him
Last year, CZ spend four month in a federal prison in the US – from end of May until the end of September. A much bigger sentence was looming for him on charges of violating the Bank Secrecy Act and allowing Binance customers to be engaged in money laundering activities. However, his lawyers managed to bring it down just to four months.
CZ told Foresight News about that, stressing that those four months completely “reshaped his life’s priorities.” This time made him realize the importance of family, friends, and health. It wasn’t work that he missed during that time, he confessed, it was his family.
As for health, Zhao admitted that he lost 6 kg during that time and now he feels a lot healthier than he did before. Last year, when CZ came out of prison, he tweeted that he could again feel the joy of eating fresh fruit every day. He hinted that the weight loss came from stress he experienced back then, saying: “Mental stress comes from uncertainty.”
Yuri MolchanCZ on meme and celebrity coins
One of other topics touched on by CZ was the meme coin ecosystem. He said that meme coins indicate how creative the crypto community is. However, he also pointed out at significant risks related to those asset.
He admitted that while Binance does support innovation, including new meme coins, it seeks to find balance between educating users and warning them about risks. As for meme coins launched by celebrities and by the US president Donald Trump (TRUMP) in particular, CZ believes that such assets are usually launched by third parties to attract attention. The former Binance boss stated that the community should really focus on projects that offer long-term value.
Vladislav Sopov
Dan Burgin