Jailed former Binance CEO Changpeng Zhao says he might use his upcoming 4 months of ‘quiet time’ to write down a e book on his tenure because the chief of the world’s greatest crypto alternate.
Zhao tweeted on Sunday that he’s contemplating embarking on a literary profession after a Binance supporter stated they have been “Waiting for the CZ book, the book for crypto upcoming leaders.”
“I got some ‘quiet time’ coming up. Will use that to write something,” the disgraced alternate boss replied.
Zhao obtained a four-month jail sentence final month after pleading responsible within the US to a number of expenses of violating the Financial institution Secrecy Act (BSA). Prosecutors beneficial he obtain a three-year sentence whereas Zhao’s protection pushed for zero jail time.
In response to a different consumer, Zhao stated that he’s “Got nothing else to do.” Certainly, it seems that Zhao might want to discover one thing to occupy your entire 4 months as, on account of sentencing legal guidelines, he’ll seemingly be required to serve his complete sentence.
Three Arrows Capital co-founder Su Zhu additionally obtained 4 months in jail after he tried to flee the nation, violating a court docket order. He described his time in jail as an ‘enjoyable experience overall’ and stated “I believe it’s undoubtedly good for you.“
Learn extra: Skilled in shedding cash Su Zhu says you may afford to lose $10k
BitMEX co-founder Arthur Hayes additionally obtained a comparatively small sentence of simply six months home arrest after failing to implement anti-money laundering protocols within the operation of his alternate. FTX chief Sam Bankman-Fried, alternatively, obtained a far heftier 25-year jail sentence for his high-profile crimes.
Throughout his jail keep, Zhao may even have time to work on his ‘Giggle Academy,’ a recently-introduced ‘platform for online education for underprivileged kids.’
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