CZ posted on the X platform: "Thank you for your concern and support, whether it is writing letters, expressing support on X, or in any other form. This is very important to me and makes me strong. I will spend this time to end this stage and focus on the next chapter of my life (education).
I will still be a passive investor (and holder) in cryptocurrencies. Our industry has entered a new stage. Compliance is very important.
The silver lining of the whole process is that Binance has been under the microscope. All funds are SAFU (safe). Protect users!"
Previously, the judge in the CZ case officially sentenced him to 4 months in prison.