Former Binance CEO Said A New Education Project Would Be Launched Soon

Key Points:

• Former Binance CEO CZ teases an educational crypto project, but there are no new tokens.
• Binance hits a $100 billion milestone as CZ faces legal proceedings.
• Zhao’s departure from Binance follows a settlement with U.S. authorities involving a $50 million fine and an agreement to step down

Changpeng ‘CZ’ Zhao, the founder and former CEO of Binance, has hinted at a new educational project set to debut, affirming that it won’t introduce any new tokens.

Former Binance CEO Teases Educational Crypto Initiative Amid Legal Woes

Despite facing a court date on April 30 regarding a guilty plea to a felony charge, the former Binance CEO teased the project’s launch in a recent post on X, emphasizing its educational focus within the cryptocurrency and blockchain spheres.

The announcement of this endeavor arrives amid Binance’s celebration of a significant milestone, with the exchange’s assets under custody surpassing $100 billion as of March 18, a remarkable leap from the $40 billion reported just last year.

While specifics regarding the nature of the project remain undisclosed, Zhao‘s commitment to providing educational resources is clear. However, eager followers must exercise patience, as further details are promised to be revealed in the days ahead.

CZ Steps Down Following $4 Billion Settlement

Zhao’s departure from the helm of Binance stems from a settlement with U.S. authorities following a lengthy money laundering investigation initiated in 2018.

As part of the plea agreement, the former Binance CEO agreed to step down from his role in November 2023 and plead guilty to charges related to the Bank Secrecy Act, incurring a $50 million fine. Additionally, CZ relinquished any future involvement with the exchange. Binance, on the other hand, committed to paying over $4 billion in settlements.