The New York Times' follow-up report on CZ is really exciting, and the translation by Deep Tide is also very good. After reading it, the summary is as follows: In 2013, a game of cards changed one's life. CZ made his first serious contact with Bitcoin while playing cards in Shanghai. After several months of research, he directly sold his three bedroom apartment in Shanghai and deposited almost all of the sales proceeds of about 900000 US dollars into BTC. His idea is simple: if he really loses everything, he can go back to traditional finance and continue working. Founded Binance in 2017 and achieved global first place within a few months. The early strategy of Binance was extremely aggressive: high leverage, massive counterfeit coins, low account opening threshold, first grabbing users and liquidity, and then dealing with regulatory issues. In the internal information later obtained by the US prosecutor, there is a sentence that can summarize the culture at that time: do it first, then seek forgiveness. In 2021, I went to Dubai and obtained a ten-year golden visa within 12 hours. Ordinary people may have to wait for a few weeks, but on the day CZ arrived in Dubai, a minister came to visit and the doctor was called directly to complete the physical examination, which was completed in less than 12 hours. More exaggeratively, on the the fourth day, he looked at the house and bought a house, and then Coin Security began to assist the local government in designing the encryption regulatory framework. In 2022, a tweet pushed FTX towards a countdown to death. After CoinDesk exposed Alameda's financial issues, CZ announced the sale of approximately $500 million in FTT, causing a rapid market run on FTX. Binance subsequently announced its intention to acquire FTX and withdrew the next day. SBF's later evaluation was very direct: CZ played with him and played very well. After the collapse of FTX, CZ quickly obtained UAE citizenship. A member of the royal family asked him if he wanted UAE citizenship during a meal. After CZ submitted the materials, a few months later, government officials directly delivered his and his family's passports to their home. At that time, the US Department of Justice's investigation into Binance was nearing its end, and CZ admitted that he had seriously considered staying in the UAE and not returning to the US if negotiations failed. In 2023, he ultimately returned to the United States to plead guilty. CZ admits to violating US anti money laundering laws, resigns as CEO of Binance, and Binance pays approximately $4.3 billion in settlement costs. But even now, he still feels that he shouldn't go to jail because in his understanding, this is not a fraud case, there are no direct victims, and the core issue is that Binance's early KYC was done too poorly. Before going to prison, he actually hired a "prison advisory team" specifically. The former prisoner taught him the social rules, ethnic relations, who not to provoke, and how to behave after entering the prison. Billionaires even go to jail and do onboarding in advance, this detail is really impressive. After entering prison, his best friend was a person who had robbed banks 11 times. The other side was an engineer before, and there was no "11 Arhat" plan for robbing the bank. It was basically going in, asking for money, taking money, and leaving. Even funnier, CZ kept explaining to his fellow inmates that there was no fraud or victim involved in this case. Everyone's reaction after listening is probably: Brother, that's what everyone who came in said. On the day of release, it only took 26 minutes to fly from the prison gate to the private plane. His mother, sister, and assistant picked him up outside and went directly to the airport after coming out. Ordinary people return home after being released from prison, while CZ flies directly to Abu Dhabi. After returning to the Middle East, he has transformed from an exchange owner to a 'crypto diplomat'. He started taking private jets to meet with the president, royal family, and government officials, discussing stablecoins, regulation, and national level digital financial infrastructure. The President of Kyrgyzstan also took him skiing, originally insisting on giving him a whole nomadic tent. CZ didn't want it, the other party ended up giving away an extremely rare Central Asian Taigan hunting dog. Then the most sensitive line in the entire report emerged: the United Arab Emirates, Binance, and the Trump family began to connect together. MGX, a subsidiary of the United Arab Emirates, invested $2 billion in Binance and ultimately chose to use the USD1 stablecoin launched by the Trump family's World Liberty to complete the investment. At the same time, CZ's legal team pushed for a presidential pardon, and Binance also paid $2.1 million to a lobbying company with close ties to the Trump family. In October 2025, Trump finally pardoned CZ. This interest chain is the real political aspect of the entire report. Today's CZ still lives a simple life. He may be worth tens of billions of dollars or even more, living in a $5 million, nine bedroom villa with bodyguards, chefs, and yachts, but he drives a white Nissan SUV, his phone is sucked on the windshield for navigation, and he even jokes to reporters, 'Welcome aboard my Lamborghini.'. The leaking ceiling at home has not been repaired, and the expensive Steinway piano has fallen into dust because he can't play at all. Long term back pain made him often work in bed. When Iranian missiles flew towards the United Arab Emirates, he got up and went to the balcony to take a look at the intercepted smoke trail before returning to bed to continue working. The most indicative of his current position is still a private meeting in Abu Dhabi. Ray Dalio、 Sun Zhengyi and others were present, and UAE President Mohammed personally walked to CZ's seat, bending down to ask how he was doing and what more the government could help him with. A person who has been imprisoned in the United States sits at the core table of the Middle Eastern royal family a few years later. After someone is in jail, they are thinking about how to start over. CZ has already started negotiating rules with the country after being imprisoned.