Zhao Changpeng: It is worthwhile to bear a fine of 4.3 billion US dollars in exchange for industry stability

Binance founder Zhao Changpeng stated that most of the initial drafts of his 374 page autobiography "Binance Life" were completed in prison, and the writing process was limited by device usage and queue time. Zhao Changpeng recalled that in November 2023, Binance paid a fine of $4.3 billion for violating the US Bank Secrecy Act, and was personally fined $150 million and resigned as CEO. Zhao Changpeng believes that taking on relevant responsibilities in exchange for Binance and industry stability is worthwhile. Zhao Changpeng stated that the uncertainty during his sentence was the most tormenting. The US Immigration and Customs Enforcement had issued detention orders three times, which made Zhao Changpeng realize that freedom is not 100%, but his belief in financial freedom is even stronger.