Changpeng Zhao, CZ, made his first public appearance since his release from prison, choosing Binance Blockchain Week Dubai as the setting to reconnect with the community.
It was a significant moment for the former Binance CEO, who spent four months behind bars due to anti-money laundering violations, an experience that obviously reshaped his outlook on life and business.
Its appearance at Binance Blockchain Week Dubai is an important step towards its full integration into the crypto space.
INTEL: CZ, founder of Binance @cz_binance made his first public appearance at Binance Blockchain Week in Dubai after being released from prison. pic.twitter.com/jMzadMCUn9
– Solid Intel
(@solidintel_x) October 31, 2024
(@solidintel_x) CZ’s relationship with Binance after prison
Sitting down for an interview with Altcoin Daily’s Austin Arnold, CZ was asked how his summer in prison was. CZ, who pleaded guilty in April and was fined $50 million in addition to his prison sentence, acknowledged that he was the first person to serve time for the particular offense with which he was charged .
He spent this time thinking, particularly about his future and his life priorities. In any case, CZ seems determined to “move on” and leave his prison behind him. CZ’s return has sparked huge excitement in the crypto world, which considers him a pillar of crypto history.
The former CEO explained that while he can no longer be involved in the day-to-day operations of Binance, his position as a shareholder remains unchanged. His relationship with the company is still good, “with others taking on the hard work,” but he is “forced to retire.”
Even though he is not actively part of the company, CZ’s contribution to Binance is so significant that no one thinks of Binance without thinking of him.
Changpeng Zhao is generally bullish on crypto this year and ready to start a new chapter.
DISCOVER: The Most Popular Meme Coin ICOs in November 2024
BNB Price Analysis: How Have Binance Investors Reacted to Its Return?
(BNBUSDT)
BNB price is facing strong selling pressure near $615. The price is currently around $578, close to the 50-day SMA at $578.6, which acts as a support level.
Gradually increasing averages and the RSI just above the midpoint perhaps indicate a buying point for investors. If the price rises from the current level, it could increase the possibility of a rally to $635.
On the other hand, the 50-day SMA remains a crucial support level. If this level allows, BNB could fall significantly, possibly around $527, with the next most important support at $460.
DISCOVER: From politics to innovation: 10 women changing the face of crypto
Join the 99Bitcoins News Discord here for the latest market updates
The article Reflections and Re-emergence of CZ after Prison: A New Chapter Begins at Binance Blockchain Week Dubai appeared first on .
