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Tuesday, October 15, 2024

The Rise and Fall of CZ: Lessons for Crypto Entrepreneurs

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The Capital

If you’re deep into the crypto world, then you’ve likely heard of Changpeng Zhao — better known as CZ.

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He’s not just another face in the industry; CZ is the richest person in crypto and the mastermind behind Binance, the largest cryptocurrency exchange in the world. He built Binance from the ground up, amassing over $60 billion along the way. Yet, despite his immense success, CZ is currently behind bars, serving a four-month sentence.

Let’s take a deep dive into CZ’s rise, his crimes, and the secrets behind his journey. More importantly, let’s explore what we can learn from his story as crypto investors and entrepreneurs.

Born in Jiangsu, China, in 1976, CZ’s early life was anything but glamorous. His father was a professor, and his mother was a teacher, and like many immigrants, their family faced financial difficulties. At 12 years old, CZ’s life took a turn when they moved to Canada, seeking better opportunities. Imagine being a…

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