TechFlow reported on September 27 that according to Fortune, Binance founder Changpeng Zhao ("CZ") will be released early this Friday—two days ahead of his official release date—as inmates are typically released early if their scheduled release falls on a weekend. Zhao’s lawyer stated that he does not wish to give interviews upon release. However, the media outlet offered some speculation about his next moves.
Zhao's first destination is likely to be Dubai or Paris, where his children live with their mother, He Yi. Additionally, the publication expects that in the coming months, more details may emerge about Giggle Academy—the project he initiated prior to his imprisonment. Beyond family and philanthropy, the newly freed Zhao may now turn his attention to a third pursuit: the cryptocurrency industry that made him immensely wealthy and which he has dominated over the past decade.
The "Giggle Academy" project aims to create free, fun, and accessible learning tools for underprivileged children worldwide. However, to date, Giggle Academy only has a website listing a few job openings, while key details such as timeline, funding sources, and scale have not been disclosed. This may be related to Zhao’s recent legal challenges, and more concrete information about Giggle Academy is expected to surface in the coming months.
