Changpeng Zhao has ‘nothing else to do’ during jail time so may write a book
Jailed former Binance CEO Changpeng Zhao says he may use his upcoming four months of ‘quiet time’ to write a book on his tenure as the leader of the world’s biggest crypto exchange.
Zhao tweeted on Sunday that he’s considering embarking on a literary career after a Binance supporter said they were “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 exchange boss replied.
Zhao received a four-month prison sentence last month after pleading guilty in the US to several charges of violating the Bank Secrecy Act (BSA). Prosecutors recommended he receive a three-year sentence while Zhao’s defense pushed for zero jail time.
In response to another user, Zhao said that he’s “Got nothing else to do.” Indeed, it appears that Zhao will need to find something to occupy the entire four months as, due to sentencing laws, he’ll likely be required to serve his entire sentence.
Three Arrows Capital co-founder Su Zhu also received four months in prison after he tried to flee the country, violating a court order. He described his time in jail as an ‘enjoyable experience overall’ and said “I think it’s definitely good for you.“
Read more: Expert in losing money Su Zhu says you can afford to lose $10k
BitMEX co-founder Arthur Hayes also received a relatively small sentence of just six months house arrest after failing to implement anti-money laundering protocols in the operation of his exchange. FTX chief Sam Bankman-Fried, on the other hand, received a far heftier 25-year prison sentence for his high-profile crimes.
During his prison stay, Zhao will also have time to work on his ‘Giggle Academy,’ a recently-announced ‘platform for online education for underprivileged kids.’
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