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Former Binance CEO Changpeng Zhao made a statement today following the court decision that sentenced him to four months in prison. Despite the challenging circumstances, Zhao expressed his gratitude for the significant support he received throughout this tough period. Let’s look into the details of CZ’s statements.
Former Binance CEO Changpeng Zhao Speaks Out
CZ stated today on X that the support he received was very meaningful. His statement highlighted the following:
“I want to thank everyone who showed their support by writing letters, showing support on various platforms, or in any other way. It all means a lot to me and keeps me strong. I will serve my time, complete this phase, and focus on the next chapter of my life, which includes advancing my education.”
Transitioning into a new phase, Zhao emphasized his determination to remain a passive investor and owner in the cryptocurrency sector. Being aware of the evolving landscape, he highlighted the importance of compliance in this growing industry.
Zhao said, “Our industry has entered a new phase, and compliance is more important than ever.” Amid legal proceedings, Zhao also underlined the challenges.
Emphasized the Safety of Funds
Zhao referred to the popular phrase “Funds are Safe” used in the crypto community to reassure users about the security of their assets, saying, “The significant outcome of this whole process is the focus on Binance and keeping the funds SAFU.”
Zhao reiterated his commitment to protecting users’ interests and maintaining the integrity of the cryptocurrency ecosystem. Despite facing challenges, he remains optimistic about the future and grateful for the support received.
