Crypto Billionaire Changpeng Zhao Promises More Blockchain Investment After US Custody Release
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Former Binance CEO Changpeng Zhao has pledged to increase his investments in the blockchain sector after serving a four-month prison sentence in the US.
Over the weekend, Zhao also announced on X his plans to invest in artificial intelligence and biotech. He highlighted that as a long-term investor, he prioritizes making an impact over financial returns.
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Zhao also said that his educational initiative, Giggle Academy, will take up much of his time in the coming years. The project aims to provide free basic education globally for grades 1 to 12. Operating without a revenue model, it incorporates gamification, adaptive learning and blockchain technology, using “soul-bound tokens” to certify students’ achievements.
“I will also dedicate more time and funding to charity (and education). I have some rough ideas,” he said.
Additionally, Zhao revealed he is currently writing a book, having completed two-thirds of it.
On April 30, 2024, Changpeng Zhao, also known as CZ, was imprisoned for four months for failing to implement a strong anti-money laundering system at Binance, violating the Bank Secrecy Act. This followed his November 2023 guilty plea, where he admitted to enabling transactions tied to criminal proceeds and sanctioned countries like Iran and Cuba.
As part of the plea deal, CZ agreed to step down as
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