CZ’s release comes after a guilty plea in November, where he was fined $50 million personally, while Binance was required to pay a staggering $4.3 billion in fines to settle various violations of anti-money laundering and sanctions laws. As part of the settlement, CZ resigned from his role as Binance CEO and is barred from ever serving in an executive position at the company.
Despite his legal challenges, CZ’s estimated $60 billion fortune still makes him one of the wealthiest individuals globally. After stepping down from Binance, he has announced his next project, the Giggle Academy, an education initiative. This non-profit venture aims to provide free education and is currently in the hiring phase. Now that CZ is free, he can focus entirely on building this new platform.