Binance's Changpeng Zhao shares his prison experience

Bittime - Changpeng Zhao, CEO of Binance, shares his story of his time in a US prison.Learn about his personal experiences and reflections on life behind bars, including his views on social connections and mental resilience.

Changpeng Zhao, better known as CZ, is the founder and CEO of Binance, one of the largest crypto exchanges in the world.However, many don't know that he was once in a US prison.

In an interview after his release, CZ opened up about his life behind bars, including the challenges he faced and the life lessons he learned. This experience provides a different perspective on the big crypto figures we're used to.

Overcoming Adversity in a Prison Environment

Early in his experience, CZ realized the importance of making connections with people around him to survive.He recognized that isolation in prison can be mentally taxing, so building relationships was a way to stay adaptable. 

One interesting fact is that some of the guards recognized him as a big figure in the crypto world.Some even asked for advice on digital currencies. However, CZ had to explain that he had no access to market information or networks while in prison.

Although the prison environment was often harsh, CZ managed to build friendships with fellow inmates who behaved in a friendly manner.Some of her new friends are still in touch with her today.Many of the inmates there are actually good people caught in difficult situations, some of whom were sentenced to heavy sentences for minor offenses.

Also read: Dogecoin Repeats Falling Wedge Pattern, Potential Rise to $10

Life Challenges and Reflections

While in prison, CZ had to live a life full of limitations.Fortunately, she was not physically abused, although some warders were indifferent. 

Before serving his sentence, CZ had consulted a counselor who gave him some tips, such as keeping his prison account balance to a minimum to avoid unwanted attention.Most inmates had much higher balances, but CZ decided to keep the balance to around 60 dollars.

One of his most memorable encounters was with Michael, an inmate who had been incarcerated for more than two decades for a minor marijuana-related charge. Ironically, marijuana has now been legalized in many US states. 

Despite facing injustice, Michael still tried to better himself by earning a college degree and reading various books. For CZ, Michael's story is an inspiration for mental toughness and the spirit to thrive despite difficult circumstances.

Limited Access to Technology

In prison, access to technology is very limited. CZ could only use the computer for short periods of 15 minutes, without access to basic features such as copy-paste. This makes it difficult to do basic work that is usually done quickly in the outside world. 

CZ admires the determination of those who are able to complete their education and maintain their passion for learning despite these limitations.

CZ's experience in prison taught him a lot about mental strength and the importance of social networks.For crypto advocates, this story is a reminder that even behind bars, individuals can still strive to maintain their identity and passion for life.

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