Binance founder CZ first post in X after 116 days in prison:gm

[Luzin]

As part of his plead deal, CZ agreed to step down as CEO and it appears that he is not interested in retaking that position. He is still going to be closely monitored to ensure he is being compliant so it will be in Binance’s interest if he maintains reasonable distance.

I think he CZ still supports Binance. Maybe only CZ understands the meaning of the post. I think there will always be a chance for him to support Binance even if it's not visible. I read that CZ remains a major shareholder but is not involved in operations. CZ's release also seems to have a slight implication on the price of BNB, which had increased. I have high hopes that Binance will still be able to compete with new breakthroughs even without CZ. 

[Reatim]

Binance founder Zhao Changpeng was released from prison after serving 116 days and posted his first post on Twitter. It seems that he is going to take power again.
https://x.com/cz_binance/status/1839861237850497271?t=Y3YZnmD12c2mC6B1E4KS-g&s=19

Mate, all he posted is ‘gm’. I don’t think this implies anything let alone taking power again. He gave up his position in Binance for a reason and he’s not going to get it back so soon. He still has power on his company anyway. It is just not his name up there.

This post though has garnered 9,4 M views so it is safe to say that this simple post has made a lot of people happy and hopeful. Probably the same as OP who thinks this could signify CZ getting back into power. Even though I think it is unlikely, I do wonder what could be the implications on the market.

[Iranus]

He served his time, we are not sure maybe he could have been there longer but yea, he's a rich money and he was served well despite him being in a jail. And your stance about him coming back to power is fairly wrong. He will not be going to become a CEO at Binance again, he pledged to be spending his time and money as a Philanthropist. And it's funny that he started his X journey back with a "gm" tweet.

He is no longer the CEO of Binance but remains Binance's largest shareholder and may act as an advisor. Not to mention his wife is also a co-founder and currently works at Binance so I don't think CZ will not interfere or not participate in the development of Binance. Every statement he made to the media was aimed at placating the US government and reassuring people that he had complied with the law.

We cannot deny his role and influence in the cryptocurrency industry. I believe if the market doesn't have him it will be a huge loss and that's why people call him the King. King is back.

[SquirrelJulietGarden]

He is no longer the CEO of Binance but remains Binance's largest shareholder and may act as an advisor. Not to mention his wife is also a co-founder and currently works at Binance so I don't think CZ will not interfere or not participate in the development of Binance. Every statement he made to the media was aimed at placating the US government and reassuring people that he had complied with the law.

We cannot deny his role and influence in the cryptocurrency industry. I believe if the market doesn't have him it will be a huge loss and that's why people call him the King. King is back.

Changpeng Zao is smart to know that if he tries to influence the market again, Binance will be in more problems. It's not coincidence that SEC approved Bitcoin Spot ETFs with massive contribution from a company in the USA, Grayscale, and many companies there like BlackRock provide their services for customers to access Bitcoin market, then Binance got more bigger legal troubles.

Bitcoin Spot ETFs were approved to help companies in the USA. get benefit, not for Binance. Binance as a non-USA company, actually has many enemies from that country and I believe that Changpeng Zao knows that very well.

He still has big influence but I believe he loves Binance company and will not want to do things which can harm Binance in future.

[martinex]

Although I have hints on CZ release from prison and some bitcoin/cryptocurrency analists have speculated that the entire market is going to see a positive reaction to this, but personally I don't think CZ release will have that impact on the market, although at the moment the market is all positive and this have resulted into alot of speculations.

The market correction after CZ got out of prison is the biggest possibility even though the hype of the price going up for a while.

It is true that if we look at CZ's current status, it has nothing to do with his operational side on the Binance exchange, but CZ is still a public figure for the BNB coin.

If I focus on market data only because the potential for BNB to increase in general is still in a bullish trend until the end of this year and many are sure that their 2025 target of 1K will be achieved. If you play short term, you can sell now because the upward graph is already high, but if you hold it, hold it until the maximum price.

[yhiaali3]

Yes everyone is happy that CZ is finally out of prison, there is a huge reaction on social media with the news and it seems like a very important event in the history of crypto, I don't know why all this attention?

Frankly , I didn't think that CZ would still have such appeal and influence in the market, as soon as the news of his release from prison spread, the market reacted very positively and the color went green, honestly I'm surprised, I thought that his influence on the market had faded.

Anyway, I don't think he will return to exercise power in Binance like before, he certainly still has influence but I think he will not return to the forefront again.

[fuguebtc]

Anyway, I don't think he will return to exercise power in Binance like before, he certainly still has influence but I think he will not return to the forefront again.

His return has really made a splash in the market in the past 2 days but I am not too surprised, as people have respected him for years as the creator of the best exchange in the crypto industry.


Many people may not like centralized exchanges but we cannot deny that Binance is the best exchange so far even though it was only founded in 2017. And to be the best exchange they have to have the best leader, so if everyone agrees that Binance is the best exchange then obviously they cannot deny the role of its creator.

He has been permanently banned from operating or supervising Binance, so even if he wanted to return, he wouldn't be able to. Furthermore, in his latest tweet on X, he also emphasized once again that Binance has matured enough and no longer needs his leadership.

https://x.com/cz_binance/status/1840265403882152232

[Dr.Bitcoin_Strange]

He isn't going to "take power" again. He was barred from serving as a Binance executive as part of his plea deal.

He might not be able to return back to power and serve as Binance executive but his return from can still help to shape the company indirectly.

He doesn’t have to be the CEO in other for him to have an impact on the company - he has been known by the world already so it won’t be that hard for him to do.

You are right mate, CZ doesn't need to gain back his position as a CEO for the exchange to function well. As the former CEO, he still have some contributions to make that will still help impact the exchange positively.

[Rruchi man]

You are right mate, CZ doesn't need to gain back his position as a CEO for the exchange to function well. As the former CEO, he still have some contributions to make that will still help impact the exchange positively.

He can still remain influential and help guide the company to some better decisions off the records because his inputs brought the company far and is still valid.

Time in custody has definitely provided him some more clarity, as he has had more time to think away from distractions and disturbances.

[Dr.Bitcoin_Strange]

You are right mate, CZ doesn't need to gain back his position as a CEO for the exchange to function well. As the former CEO, he still have some contributions to make that will still help impact the exchange positively.

He can still remain influential and help guide the company to some better decisions off the records because his inputs brought the company far and is still valid.

Time in custody has definitely provided him some more clarity, as he has had more time to think away from distractions and disturbances.

Yes, he has built the company from scratch and raised it to a great length, before the issue that lead him to serve for some month came up. Since he is out, he can still give good inputs without being the CEO.

[X-ray]

He has been permanently banned from operating or supervising Binance, so even if he wanted to return, he wouldn't be able to. Furthermore, in his latest tweet on X, he also emphasized once again that Binance has matured enough and no longer needs his leadership.

https://x.com/cz_binance/status/1840265403882152232

obvious gesture that he'll focus on other thing to comply, not that he need to go back at the forefront of binance anyway, man could live his dream already with that much of money on his wallet.
as for binance, I think the exchange itself was never created to only center around CZ's decision, the fact that binance also acquire smaller exchange in various countries also speaks a lot.

moving on I'd expect new CEO to take the spotlight, although so far there has been no strong decision taken and instead just follow binance's routine of investing to some smaller projects here and there and occasionally listing trending coins.

[Baofeng]

You are right mate, CZ doesn't need to gain back his position as a CEO for the exchange to function well. As the former CEO, he still have some contributions to make that will still help impact the exchange positively.

He can still remain influential and help guide the company to some better decisions off the records because his inputs brought the company far and is still valid.

Time in custody has definitely provided him some more clarity, as he has had more time to think away from distractions and disturbances.

Yes, he has built the company from scratch and raised it to a great length, before the issue that lead him to serve for some month came up. Since he is out, he can still give good inputs without being the CEO.

He can do it, but obviously, it should be in secret as part of his agreement with the government is that he should not go back to the helm of Binance. And with that, I think that CZ will do another project that is related to crypto, it could be a new coin or token. Something that will get him back to his roots as we all know that in 2017, he made this groundbreaking exchange and made it as the top in the last 5-6 years.

So it will be very interesting to see him next year, he could be very well be resting with his families, but after that, just like other visionary, they can't keep him away for good. And when he is in prison, he has a lot of time to think of his next move.

[yhiaali3]

Many people may not like centralized exchanges but we cannot deny that Binance is the best exchange so far even though it was only founded in 2017. And to be the best exchange they have to have the best leader, so if everyone agrees that Binance is the best exchange then obviously they cannot deny the role of its creator.

Frankly, no one can deny the great success that CZ has achieved in a relatively short period of time. It is not easy at all to transform Binance from an unknown exchange in 2017 to the most important and largest exchange at the present time.

Despite the many criticisms of Binance that it is turning crypto into centralization by swallowing the market and extending its arm to all crypto services in a centralized manner, but in the end we can only respect the man and admire all the achievements he has made. But I think that his departure would be better for Binance and the market.

[hd49728]

He can do it, but obviously, it should be in secret as part of his agreement with the government is that he should not go back to the helm of Binance. And with that, I think that CZ will do another project that is related to crypto, it could be a new coin or token. Something that will get him back to his roots as we all know that in 2017, he made this groundbreaking exchange and made it as the top in the last 5-6 years

In near future, it is unlikely to happen if CZ did not change his mind. Months ago, before stepping down as Binance CEO and going to prison, he revealed that he has no interest to make another business.

Frankly, no one can deny the great success that CZ has achieved in a relatively short period of time. It is not easy at all to transform Binance from an unknown exchange in 2017 to the most important and largest exchange at the present time.

CZ and Binance team took advantage of unprofessional services and customer cares of Poloniex and Bittrex to join this market and quickly attract massive users from these two exchanges. They were very smart to create the BNB token, run massive airdrop to attract users and with smooth service that was barely seen in 2017, they turned Poloniex and Bittrex to Tier-2 exchanges within several months.

Despite the many criticisms of Binance that it is turning crypto into centralization by swallowing the market and extending its arm to all crypto services in a centralized manner, but in the end we can only respect the man and admire all the achievements he has made. But I think that his departure would be better for Binance and the market.

The rest is what you said, they became a biggest centralized exchange and create many trends in cryptocurrency market since 2017. BNB token is a first trend they created, and other centralized exchanges learned from it to launch their own tokens. People can dislike CZ and Binance but the fact is it's hard to find other centralized exchanges that can create hot trends in crypto market like Binance.

[fuguebtc]

Many people may not like centralized exchanges but we cannot deny that Binance is the best exchange so far even though it was only founded in 2017. And to be the best exchange they have to have the best leader, so if everyone agrees that Binance is the best exchange then obviously they cannot deny the role of its creator.

Frankly, no one can deny the great success that CZ has achieved in a relatively short period of time. It is not easy at all to transform Binance from an unknown exchange in 2017 to the most important and largest exchange at the present time.

Despite the many criticisms of Binance that it is turning crypto into centralization by swallowing the market and extending its arm to all crypto services in a centralized manner, but in the end we can only respect the man and admire all the achievements he has made. But I think that his departure would be better for Binance and the market.

There are still some who are showing hatred and hate him as an enemy but I think they are just using the excuse that CZ is destroying the decentralized nature of the market to cover up the fact that they are jealous of his success. Binance and CZ have achieved incredible things in a short period of time, so it is inevitable that some people feel jealous .

Why do you think his departure would be better Binance ? What I see is that someone wanted him to depart , his leaving Binance was forced and not something he wanted . Some do not want Binance to dominate the entire market share of the industry, some people want to overthrow and replace Binance's dominance and take over the market .

[passwordnow]

He's not going to take power when he's already in. US government don't want him to help decide Binance with whatever move that they're going to do. But they cannot help him with that, he's got a huge stake/share with the company so he's still influential as he is.

The community is happy once again that he's back. And to be honest, it should be a quite long jail time but with some privileges, and the fine that was paid by huge amount, there's the consideration of lessening the service behind the bars. So what's with it with the market once again? let's just look forward that this is going to be a nice October that's coming to us and whether we like it or not, he's still influential not just for Binance but for the entire market.

[dansus021]

Binance founder CZ first post in X after 116 days in prison yes I saw the news and since I followed CZ in twitter the post in my dashboard tho I think the price is gonna be pumped as F** but the reality is not like that, maybe bitcoin is at peak right now and little correction is needed to continue the bull.

Tho for now I believe CZ not going back to binance as CEO maybe for advisor

[Akbarkoe]

Binance founder CZ first post in X after 116 days in prison yes I saw the news and since I followed CZ in twitter the post in my dashboard tho I think the price is gonna be pumped as F** but the reality is not like that, maybe bitcoin is at peak right now and little correction is needed to continue the bull.

Tho for now I believe CZ not going back to binance as CEO maybe for advisor

I heard that he was forbidden to lead the exchange again, but became an advisor maybe, but I thought he was not very interested in it, given his ambitions were always great in this industry.


CZ post 29 September
Seeing from this post, I think he will build a new project in the AI, biotech sector or even a blockchain in building a broader decentralization, this is a questioning question mark, but some of these sectors must be considered to get a little advantage as an early adapter project If he really built it.

[ultrloa]

Binance founder Zhao Changpeng was released from prison after serving 116 days and posted his first post on Twitter. It seems that he is going to take power again.
https://x.com/cz_binance/status/1839861237850497271?t=Y3YZnmD12c2mC6B1E4KS-g&s=19

No he can't, He's already  been banned to handle the exchange https://cointelegraph.com/news/binance-ceo-changpeng-zhao-banned-crypto-exchange

So with that we cannot look forward that he can get back his position since US regulators already drop their decision and maybe this is their condition to free him out of prison. Although he's still have majority share of binance so there's nothing to worry about him since he's still pretty fine despite of challenges he's facing.

I don't know if he can handle other project, but one thing is for sure he is closely monitored by government. For price prediction of BNB maybe there's something few hypes will happen especially if CZ will always talk about their coin.

[Slow death]

He served his time, we are not sure maybe he could have been there longer but yea, he's a rich money and he was served well despite him being in a jail. And your stance about him coming back to power is fairly wrong. He will not be going to become a CEO at Binance again, he pledged to be spending his time and money as a Philanthropist. And it's funny that he started his X journey back with a "gm" tweet.

He is no longer the CEO of Binance but remains Binance's largest shareholder and may act as an advisor. Not to mention his wife is also a co-founder and currently works at Binance so I don't think CZ will not interfere or not participate in the development of Binance. Every statement he made to the media was aimed at placating the US government and reassuring people that he had complied with the law.

We cannot deny his role and influence in the cryptocurrency industry. I believe if the market doesn't have him it will be a huge loss and that's why people call him the King. King is back.

He has a 90% stake, so as the owner he will always have influence over Binance. It is true that Binance's management issues will fall under the control of other people. But in cases like these, the CEO becomes an employee of CZ. According to an article I read, without CZ, Binance had to pay a $4.3 billion penalty, but CZ only paid a $50 million fine. So CZ's fortune has not reduced at all, and he says it is in cryptocurrencies. The fact is that this market has become so large that even with the news of his release, it no longer affects the price. I also haven't seen much change in Binance since he was arrested. This means that Binance no longer needs him.