Changpeng Zhao’s memoir is key to understanding the future of crypto
Changpeng Zhao, the founder of Binance, has published a memoir called 'Freedom of Money' detailing his life and the rise of the crypto exchange. The book provides insight into the crypto industry's growth and Zhao's experiences, including his rivalry with Sam Bankman-Fried.
Changpeng Zhao, the founder of Binance, has released a memoir titled 'Freedom of Money'. The book recounts Zhao's journey into the crypto world and the rise of Binance to become the world's largest crypto exchange. Zhao became a billionaire after investing in bitcoin and later founded Binance. He was targeted by the Biden administration's crypto crackdown, resulting in a four-month prison sentence. Zhao reflects on the maturation of crypto and its growing acceptance by mainstream investors. The book also details his rivalry with Sam Bankman-Fried, whose crypto exchange FTX imploded after Zhao refused to provide a bailout. Zhao was later pardoned by President Trump, and the crypto industry is experiencing a resurgence under his administration.
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