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## Zhao Changpeng: From Binance Boss to Prisoner and Return – A Special Conversation
Zhao Changpeng, or CZ, as he is commonly called, recently had a conversation with Foresight News, one of Asia’s largest news organizations. He talked about his time in jail and shared some ideas about Binance.
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**Main Points from the Conversation:**
* CZ thinks about how jail changed his point of view.
* He shares his thoughts on the crazy world of meme coins and celebrity tokens.
The former CEO and main owner of Binance, CZ, is the cover star of the latest issue of Foresight News, a top multilingual Web3 media platform in the Asia-Pacific area.
CZ talked about a variety of subjects, including Binance, meme coins, and his four-month stay in a US federal prison last year. He even shared the conversation on his X (previously Twitter) account.
## Jail: A Life-Changing Event
CZ spent four months in a US federal prison, from late May to late September, after being accused of breaking the Bank Secrecy Act and allowing money laundering on Binance. While he faced a possibly much longer sentence, his legal team was able to get it reduced to four months. Kiyosaki: Global Economy Declining, Predicts Bitcoin at $200,000
In the conversation, CZ told Foresight News that those four months “changed his life goals.” He understood the importance of family, friends, and well-being. He admitted that during that time, he missed his family more than his job.
The person known as Changpeng Zhao, or CZ, acknowledged shedding 13 pounds during that interval, but currently experiences superior well-being compared to earlier times. In the prior year, subsequent to CZ’s release from confinement, he conveyed via social media that he was once more capable of relishing succulent fruit on a daily basis. He attributed the decrease in body mass to the strain experienced at that juncture, articulating that “Psychological duress emanates from unpredictability.”
CZ additionally deliberated on the phenomenon of meme-based digital currencies. He remarked that such currencies exemplify the ingenuity of the cryptocurrency demographic. Nevertheless, he underscored the substantial perils intertwined with these holdings.
He conceded that while Binance indeed fosters pioneering concepts, encompassing novel meme-based currencies, it is concurrently endeavoring to attain equilibrium between imparting knowledge to patrons and cautioning them regarding the potential detriments. Concerning meme-based currencies propagated by prominent individuals, notably those linked to former US President Donald Trump (TRUMP), CZ posits that such holdings are typically instigated by external entities with the intention of garnering public interest. The erstwhile chief of Binance asserted that the demographic ought to genuinely prioritize undertakings capable of yielding enduring worth.
* CZ accentuated the consequence of incarceration on his person
* CZ examined meme-based digital currencies and currencies linked to celebrities
