⭐️ CZ releases a book about Binance

Binance founder Changpeng Zhao has released a book called Freedom of Money.

He wrote part of it while serving his prison sentence in the U.S.

In the book, he shares behind-the-scenes stories from the crypto industry — from the launch of Binance to the collapse of FTX.

Here are some of the most interesting moments:

🔥 Binance almost failed in its first minute

When trading opened, almost all BNB orders were sells. The price started dropping immediately.

🔥 CZ sold his apartment to buy Bitcoin

Before Binance, he sold his apartment in Shanghai and put the money into BTC when the market was widely considered dead.

🔥 Binance was a major investor in FTX

The exchange once owned about 20% of FTX, which was later bought back for roughly $2B.

🔥 One tweet triggered the FTX collapse

After CZ announced Binance would sell its FTT holdings, users withdrew around $6B within days.

🔥 Binance almost bought FTX

During the crisis, CZ announced a deal to acquire the exchange — but backed out after reviewing its balance sheet. FTX filed for bankruptcy the next day.

🔥 Binance survived a massive bank run

When U.S. investigations began, users withdrew about $7B in a single day — and the exchange held up.

🔥 Binance became a “company without a country”

After China banned crypto exchanges, Binance began moving between jurisdictions and effectively operated without a headquarters.

🔜 Read the full book

@just 📄