<ul class="wp-block-list">
 <li>Binance founder CZ pledged to keep investing in blockchain, DeFi, AI, and biotechnology.</li>
 <li>CZ also announced Giggle Academy, a free educational initiative for students in grades 1 to 12.</li>
 <li>CZ was released from a federal prison in California on September 27.</li>
</ul>
Former Binance CEO Changpeng Zhao, popularly known as CZ, has made his <a href="https://x.com/cz_binance/status/1840265403882152232" target="_blank" rel="noopener noreferrer nofollow">first public statement</a> since his release from US custody. In a post on social media platform X on Sep 29, Zhao, a prominent figure in the crypto world, pledged to continue investing in sectors like blockchain/DeFi projects, artificial intelligence (AI), and biotechnology. Also, CZ described himself as a long-term investor focused on “impact, not returns.”
<div class="wp-block-image">
 <figure class="aligncenter size-full"><img decoding="async" width="603" height="537" src="https://thenewscrypto.com/wp-content/uploads/2024/09/image-94.png" alt="" class="wp-image-109435" srcset="https://thenewscrypto.com/wp-content/uploads/2024/09/image-94.png 603w, https://thenewscrypto.com/wp-content/uploads/2024/09/image-94-300x267.png 300w" sizes="(max-width: 603px) 100vw, 603px">
 <figcaption class="wp-element-caption">Binance Founder Post on X (Source: <a href="https://x.com/cz_binance/status/1840265403882152232" target="_blank" rel="noopener noreferrer nofollow">CZ</a>)
 </figcaption>
 </figure>
</div>
The crypto billionaire spent four months in a US federal prison due to charges related to inadequate anti-money laundering acts at Binance. Last November, Binance agreed to a plea agreement. That resulted in a $4.3 billion penalty to settle US charges linked to its alleged failure to prevent criminal activities on the platform. Additionally, Zhao agreed to pay a $50 million personal fine and was sentenced to four months in custody. <a href="https://thenewscrypto.com/binance-founder-cz-steps-out-of-prison-with-60b-fortune-and-applause/" target="_blank" rel="noopener noreferrer nofollow">He was released</a> from a correctional facility in California on September 27.
<h3 class="wp-block-heading" id="h-cz-announces-the-launch-of-giggle-academy">CZ Announces the Launch of Giggle Academy</h3>
In his post, Zhao also announced the launch of an <a href="https://www.giggleacademy.com/" target="_blank" rel="noopener noreferrer nofollow">educational initiative</a> called ‘Giggle Academy,’ a free, global program focused on students from grades 1 to 12. This academy combines gamified and adaptive learning with blockchain technology to enhance the educational experience.
Following the petition agreement, Zhao stepped down as Binance’s CEO and appointed <a href="https://thenewscrypto.com/binance-ceo-richard-teng-confirms-cz-ban-from-binance/" target="_blank" rel="noopener noreferrer nofollow">Richard Teng</a> as the new CEO. Further, as part of the settlement, Binance now faces ongoing compliance oversight by both the US Department of Justice (DOJ) and the Financial Crimes Enforcement Network (FinCEN).&nbsp;
Despite these challenges, Binance continues to be the world’s largest cryptocurrency exchange, playing a central role in digital asset trading. According to the Bloomberg Billionaires Index, CZ still holds a substantial fortune, with an estimated net worth exceeding $30 billion.
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Binance Ex-CEO CZ Vows Continued Tech Investments After Release from US Custody

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