 made his second post on platform X, formerly known as Twitter, confirming that he will be attending the Binance blockchain week.){kind=link}
Binance founder Changpeng Zhao (CZ) made his second post on platform X, formerly known as Twitter, confirming that he will be attending the Binance blockchain week.
CZ will be attending the event in the last week of October but in his personal capacity. This comes as Zhao has been permanently barred from managing or running Binance, according to Binance’s current CEO Richard Teng.
The Binance Blockchain Week will see renowned blockchain experts convene to explore the direction of Web3 and promote creativity via keynote addresses, panel discussions, and hands-on workshops. CZ’s visit to the event will draw eyes to his interactions with industry participants and likely other Binance members.
CZ’s Dubai Visit Comes After Early Prison Release
Previously CZ saw an early release from the prison, yet his release had a long list of terms and conditions to it.
Zhao had agreed to return from Dubai and was sentenced to four months in prison in the United States in April 2024. Zhao was accused of neglecting to put anti-money laundering procedures in place at Binance.
One of the most important people in the bitcoin space, Zhao, was detained for two months and housed in a minimum-security facility in California before being moved to a halfway house.
He was permitted to go on supervised outings there, like to the movies. Zhao may now focus on his family and business endeavors after resolving his legal issues, while his relationship with Binance is still subject to limitations.
Is CZ Still Involved In Binance Operations?
Zhao’s level of engagement in Binance operations still continues to raise concerns. Zhao seems to have maintained strong relationships with significant firm insiders, including executive Tigran Gambaryan and co-founder Yi He.
Zhao’s influence will likely be closely monitored by this support network as well as the outside observers. Given his visit to the blockchain event, by standers will likely keep an close eye on his interactions with people.
CZ had previously expressed that he would keep holding and making passive cryptocurrency investments after serving his sentence in jail. Additionally, CZ had stated that the era is in “a new stage for the crypto industry,” and that following laws and guidelines is essential. Market participants will now gauge if he announces any new investments.