Changpeng Zhao (CZ), the founder of the world’s largest cryptocurrency exchange Binance, appears to have made a comeback, based on his recent statements.
As it is known, CZ was recently sentenced to prison by the US and served around four months in prison. He was also compelled to step down as Binance CEO.
Nevertheless, it seems that even though he has left Binance, he intends to remain closely involved with the exchange’s associated cryptocurrency network, BNB Chain.
In a recent statement, Zhao mentioned, “BNB Chain has been restricted for a significant period of time, and it is now time for it to be set free from this confinement.” He also retweeted a post from a follower who argued that “Zhao cannot be held captive” and declared his intention to shift his focus to BNB Chain.
In related news, following criticism for TST Memecoini, which generated significant attention, CZ released a statement. Notably, CZ recently introduced a platform for launching memecoins and the first memecoin on BNB Chain. The memecoin, named Test (TST), was listed on Binance and initially reached a market cap of over $500 million. However, according to the latest data, the token’s market cap has now declined to $163 million.
*This does not constitute investment advice.
