The founder and former CEO of Binance, Changpeng Zhao, is revealing his plans for the future following his release from prison after serving a four-month sentence.
Zhao says that for the next few years, the Giggle Academy – his education startup focused on reducing the global illiteracy rate – will be a “big part” of his life.
Launched as a non-profit earlier this year, Giggle Academy’s mission is to provide free basic (grade 1 to 12 level) education in a manner “entertaining to children all around the world.” The zero-revenue education platform, which is completely online, aims to offer an adaptive individualized curriculum.
On other ventures that he will be pursuing, the Binance founder says,
“[I] Will continue to invest in blockchain/decentralized technologies, artificial intelligence (AI), and biotechnology. I am a long-term investor who cares about impact, not returns.
I will also dedicate more time and funding to charity (and education). I have some rough ideas.”
Zhao also says that he will continue writing a book on his life.
“About 2/3 done, I think. Writing a book is a lot more work than I anticipated, but will see this one through.”
The Binance founder was reportedly released on September 27th after spending about two months at Lompoc II, a minimum security prison in California and the remainder of his sentence at a halfway house.
He stepped down as the CEO of the world’s largest crypto exchange in November of 2023 after he pled guilty to violating US anti-money laundering laws.
On top of the four-month jail sentence, Zhao was fined $50 million. Prior to starting his jail sentence, Zhao vowed to remain a passive investor in the cryptocurrency industry and a holder of crypto assets.
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