Since his guilty plea in November 2023, Changpeng Zhao has largely stayed off social media but broke this pattern to announce a project with “no new tokens.”
Changpeng “CZ” Zhao, expected to return to court on April 30 to face a judge for sentencing over his guilty plea of one felony count, has hinted at a project with “no new tokens.”
In a March 18 X post, Zhao announced an education-focused project purportedly related to cryptocurrency or blockchain technology. The former Binance CEO said “no new tokens” would be involved in the mysterious project, adding he planned to release more details soon.
CZ resigned as CEO of Binance, one of the largest cryptocurrency exchanges in the world, in November 2023 as part of a plea agreement with United States authorities. The deal with the U.S. Justice Department, Department of the Treasury, and Commodity Futures Trading Commission required Binance to pay $4.3 billion as part of a settlement and Zhao to plead guilty to one count related to failure to maintain an effective Anti-Money Laundering program at the exchange.
