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Changpeng Zhao (CZ), the former CEO of Binance, is a prominent figure in the cryptocurrency industry. Here’s a detailed overview of his background, career, and recent developments: 1. Background and Early Career Birth and Education: Born on February 5, 1977, in Jiangsu, China, Zhao moved to Canada as a teenager. He studied computer science at McGill University in Montreal . Early Jobs: Worked at McDonald’s and a gas station during his youth to support his family. Professional Start: Developed trading systems for the Tokyo Stock Exchange and Bloomberg Tradebook before co-founding Fusion Systems, a high-frequency trading firm . 2. Founding Binance and Rise to Prominence Launch of Binance: Founded Binance in 2017, which quickly became the world’s largest cryptocurrency exchange due to its low fees, fast transactions, and wide range of supported assets . Wealth: As of June 2025, his net worth is estimated at $65.1 billion, making him one of the richest individuals globally . 3. Legal Issues and Resignation Guilty Plea: In November 2023, Zhao pleaded guilty to failing to maintain an effective anti-money laundering (AML) program and violating U.S. sanctions laws. Binance agreed to a **$4.3 billion settlement** with U.S. authorities . Prison Sentence: Served four months in prison (released in September 2024) after prosecutors sought a three-year term . Stepping Down: Resigned as Binance CEO as part of the settlement, with Richard Teng succeeding him . 4. Post-Binance Activities Giggle Academy: Founded an educational platform offering free courses in math, science, and blockchain for children in developing countries . Investments and Advocacy: Remains active in crypto, advocating for blockchain adoption and inheritance solutions (e.g., Binance’s "will function" for crypto assets) . Key Takeaways - CZ’s journey from a McDonald’s employee to a crypto billionaire is a rags-to-riches story . - Despite legal challenges, he remains influential in crypto, focusing on education and blockchain innovation . For further details, @Azalee @CZ
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