News - Binance boss wants to write book in prison

By Ted Maas

Binance boss wants to write book in prison

Binance Coin (BNB)
Scams, crime and fraud

Binance founder Changpeng Zhao is a man of many faces. Soon, CZ may also become a book writer as his four-month prison sentence begins.

Just two weeks after his conviction, Binance founder Changpeng Zhao is speaking out again. Surprisingly, he is hinting at using his upcoming time off to write a book.

In a new Twitter post, Zhao joked, "I have a 'quiet time' ahead. I'm going to use that to write something. With this, CZ alludes to his upcoming four-month prison sentence. Zhao stepped down as CEO of Binance in 2023. As part of a settlement with U.S. authorities, the exchange agreed at the time to pay $4.3 billion. The charge: violation of U.S. anti-money laundering laws.

Despite the criminal conviction, Zhao is considered a hero in the crypto community. With Binance, he created the world's largest crypto exchange, so an autobiography is likely to attract a lot of interest.

Zhao had previously revealed that he is still interested in cryptocurrencies and confirmed that he continues to invest. With a fortune estimated at $43 billion, he is the richest man in history in a U.S. prison.

Nor does it look like he will leave the crypto sectpr. Binance's successor Richard Teng is considered a close confidant, meaning Zhao will likely continue to indirectly influence the fortunes of the company.

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