Changpeng Zhao Makes History as Wealthiest US Prisoner with $33B Fortune
Despite his four-month prison sentence, Changpeng Zhao’s $33B personal net worth, which is set to keep growing, makes him the richest US inmate in history.
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Understanding CZ: During His Peak of Life
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Changpeng Zhao, otherwise known as CZ, is something like an enigma. Not much is known of his personal life, and what we do have, we had to scour the depths of the internet to find.
Like a chart that plots the highs and lows of a token's price trajectory, this exploratory series aims to chronicle the timeline of the man. We dive deep into what made Zhao who he is today, and perhaps glean a better understanding of the crypto mogul himself.
2010s
February 2018: Zhao appeared on the cover of Forbes and ranked third in Crypto's Richest list.
March 22, 2018: Japanese Financial Services Agency ordered Binance to cease operations due to a lack of license, prompting Binance to relocate its headquarters to Malta.
April 13, 2018: Zhao visited Taiwan, discussed cryptocurrency opportunities, and then brought up the possibility of Binance's presence within the country with legislator Hsu Yu-jen on Facebook.
April 26, 2018: Zhao reached a cooperation agreement with the Ugandan government, and then received an audience with the Ugandan president.
April 28, 2018: Zhao took a photo with the Prime Minister of Bermuda, seeking compliance alternatives.
May 7, 2018: Bob Xu organized an event where OKCoin founder Star Xu, Huobi CEO Leon Li, and other crypto heavyweights gathered, but Zhao was inconspicuously absent.
June 2018: Binance's Uganda fiat exchange went live.
September 17, 2018: Yi He posted a photo of CZ with Singapore Prime Minister Lee Hsien Loong on social media.
A few days later, Prime Minister Lee expressed his dissatisfaction on Facebook.
January 2019: Binance.je was launched for the European market.
March 2019: Binance Lite Australia was launched, offering Bitcoin services in Australian dollars.
June 2019: Zhao Changpeng filed a lawsuit against Sequoia.
July 2019: Binance Singapore launched, which allowed direct trading with Singapore dollars.
September 2019: Binance.US launched.
November 2019: Binance acquired Indian exchange WazirX.
December 2019: Binance announced the launch of the first fiat trading corridor, Latemex, in Latin America.
Story continued from - Understanding CZ: What Was Binance Founder's Early Life Like?
Story continues here - Understanding CZ: Fall of An Empire
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