CZ Speaks Out Post-Release on X: Details

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On September 29, Changpeng Zhao, widely known as CZ, made his first public statement after being released from federal custody. After months of silence, Zhao shared a reflective post on X, discussing his gratitude for the support he received during his time away, his ongoing projects, and plans for the future.

He also gave updates on Giggle Academy, an educational initiative he launched in March while facing trial. His post marked a return to the public eye, though Zhao made it clear he’s still in the process of regaining his footing after the ordeal.

“Let me chill for a bit. Then figure out the next steps,” CZ wrote in his post, where he expressed his gratitude for small joys like food and freedom. He also hinted at his broader vision, saying, “There are always more opportunities in the future than there were in the past.”

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Giggle Academy: CZ’s Focus on Education and Impact

Despite his legal challenges, CZ remained dedicated to his vision for education. His brainchild, Giggle Academy, focuses on providing free basic education using gamification and an adaptive curriculum to make learning more accessible. According to Zhao, the academy will operate without generating revenue, emphasizing a charitable, community-driven model rather than profit.

CZ’s passion for education was evident in his update, where he stated that Giggle Academy would be a “big part of [his] life for the next few years.” His commitment to the project reflects a growing interest in philanthropy, particularly in areas like education and charity, as he transitions from the crypto-focused work that has dominated his career so far.

Binance’s New Leadership

Beyond education, CZ remains optimistic about the potential of blockchain, AI, and biotech. He mentioned his intent to continue investing as a “long-term investor who cares about impact, not returns.” However, Zhao’s involvement in Binance, the crypto giant he founded, is expected to be more limited moving forward.

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Binance has undergone a leadership transition with Richard Teng taking over as CEO in November 2023. Under Teng’s leadership, the company has moved toward a more regulated structure, which Zhao praised as a “founder’s dream” of a company succeeding without his constant oversight.

While CZ’s departure from Binance marked a new chapter for both the exchange and its founder, his major shareholding means that his influence is unlikely to disappear completely.

Meanwhile, Binance continues its evolution, having recently settled a $4.3 billion probe in the U.S., which led to CZ’s resignation but left the door open for his continued involvement in some capacity.