CZ says Binance’s $4.3 billion fine was worth bearing for the industry

  • Changpeng Zhao discussed Binance’s $4.3 billion fine and his autobiography in Hong Kong.
  • $4.3 billion was the amount of Binance’s fine, according to Zhao’s remarks.
  • Zhao said most of his autobiography’s first draft was written in prison.

Binance founder Changpeng Zhao, known as CZ, said the exchange’s $4.3 billion fine was worth accepting as the industry faced pressure. He made the remarks during an interview after attending Bitcoin Asia 2026 in Hong Kong, where he also discussed his autobiography, Binance Life, and his time in prison. Zhao said he completed most of the book’s first draft while incarcerated, despite being limited to 15 at a time during writing sessions.

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CZ says Binance’s $4.3 billion fine was worth bearing for the industry - CoinPost Terminal