Changpeng Zhao (CZ), former CEO of Binance finally opened up after stepping down from the chief position at the crypto exchange. He stated “I am “enjoying” all the free time I suddenly have now.” This comes in after US federal prosecutors in court urged the authority to not allow CZ to leave the U.S.
CZ shows gratitude to Crypto community
In the latest X post, CZ thanked the crypto community for their caring words. He added, “Even though there is no way for me to respond to or even see them all, I really appreciate it.”
However, Changpeng Zhao said that he often joked about wanting to retire early, but he also often joked about being “careful what you wish for” too.
CZ stated that What a transition. I am still trying to get used to it. In the past 2 days, a few friends told me I have a “resilient mindset”. Not sure if it is true, but as always, I am mentally stable. He concluded by saying that “I am enjoying all the free time I suddenly have now.
Zhao adapts to transition days after exit
In an earlier X post, CZ officially resigned from his role, acknowledging emotional difficulty but emphasizing it’s the right decision for the community, the exchange, and himself. However, he admitted to mistakes, prompting this move.
Zhao expressed confidence in Richard Teng, the new CEO of Binance, ability to steer Binance through the next growth phase, emphasizing security, transparency, compliance, and growth. CZ remaining a shareholder in the world’s largest crypto exchange plans a break after six and a half years of continuous work.
He added that his future involves passive investing, and supporting startups in blockchain, Web3, DeFi, AI, and biotech. While not eyeing another CEO role, he looks forward to mentoring entrepreneurs privately.
