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<ul> 
 <li aria-level="1">During Incarceration, Zhao Educated Inmates on Cryptocurrencies, Gaining Nickname “The Bitcoin Guy” for His Knowledge and Advice.</li> 
 <li aria-level="1">Post-Prison, Zhao Chooses a Quieter Life, Observing Binance’s Progress as a Passive Investor, Detached from Daily Operations.</li> 
</ul> 
Changpeng Zhao, the founder and former CEO of Binance, emphasized in a <a href="https://www.bloomberg.com/news/articles/2024-11-07/-the-king-is-back-binance-billionaire-cz-plots-life-after-prison">Bloomberg interview</a> that comparisons to Sam Bankman-Fried, the founder of FTX who is currently serving a 25-year prison sentence for embezzlement, are both inaccurate and offensive.&nbsp; 
Zhao, <a href="https://www.ethnews.com/binance-pauses-operations-ahead-of-ceo-changpeng-zhaos-expected-release/">who faced legal issues</a> not related to theft but due to regulatory non-compliance, clarified that likening his situation to Bankman-Fried’s is akin to comparing a regulatory oversight to outright theft. 
Zhao distanced himself from the turmoil surrounding <a href="https://www.ethnews.com/sam-bankman-fried-appeals-8-billion-ftx-fraud-conviction-questioning-trial-fairness-legal-battle-looms/">Bankman-Fried</a>, focusing instead on his life post-incarceration. During his four-month stint in prison, Zhao engaged in physical training, worked on a forthcoming book, and fostered positive relationships by educating fellow inmates about cryptocurrencies, earning him the nickname “the Bitcoin guy.”&nbsp; 
He shared insights on investments with inmates and even prison guards who sought his advice on which coins to consider. 
Since his release, Zhao has been living a quieter life, observing Binance’s progression from a distance as a passive investor. Occasionally, he is consulted for his perspective on strategic decisions, but he remains mostly detached from day-to-day operations.&nbsp; 
He mentioned that his emotional bond with Binance persists, likening it to a parent’s connection with a grown child who no longer needs constant guidance but still holds a special place in the parent’s heart. 
Zhao’s experience in prison not only shaped his personal growth but also allowed him to influence others positively within the confines of the <a href="https://www.ethnews.com/former-binance-ceo-changpeng-zhao-receives-light-prison-sentence/">correctional facility</a>. His story underscores a significant shift from active leadership to a more reflective role, emphasizing personal peace and strategic distance from the current cryptocurrency market. 

<div class="cryptoboxes" id="mcw-51355" data-realtime="on">
 <div class="mcw-chart mcw-chart-light" data-font="inherit" data-chartcoin="BNB" data-chartcurrency="USD" data-chartrate="1.000268" data-charttype="chart" data-chartview="day" data-charttheme="light" data-chartsmooth="true" data-chartareacolor="" data-chartbgcolor=""></div>
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Binance Coin (BNB) is currently trading at $599.69, with a daily increase of 1.26%. Over the past week, it has seen a modest gain of 0.76%, and it’s up 6.31% over the past month, showing steady growth.&nbsp; 
The 24-hour trading volume is 361.53K BNB, indicating strong interest. Key resistance stands around the $600 psychological level, which BNB is currently testing, while immediate support is found near $580.&nbsp; 
<img loading="lazy" decoding="async" class="aligncenter size-full wp-image-104108" src="https://www.ethnews.com/wp-content/uploads/2024/11/BNBUSDT_2024-11-07_18-25-26.png" alt="BNBUSDT_2024-11-07_18-25-26" width="1599" height="959"> 
Technical indicators suggest continued bullish momentum if BNB can hold above $600. However, a failure to sustain this level may prompt a pullback towards support. 
The post <a href="https://www.ethnews.com/changpeng-zhao-founder-of-binance-rejects-comparisons-to-sam-bankman-fried-citing-misalignment-in-legal-and-ethical-contexts/">Changpeng Zhao – Founder of Binance, Rejects Comparisons to Sam Bankman-Fried, Citing Misalignment in Legal and Ethical Contexts</a> appeared first on <a href="https://www.ethnews.com">ETHNews</a>.

Changpeng Zhao – Founder of Binance, Rejects Comparisons to Sam Bankman-Fried, Citing Misalignment in Legal and Ethical Contexts

ETHNews

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