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CZ's New Book Release: Decrypting Different Crypto Lives
CZ's New Book Release: Decrypting Different Crypto Lives
This book chronicles CZ's growth history, much like a diary.
CZ's New Book Release: Decrypting Different Crypto Lives
2026-04-08
invest
Binance
OKX
FTX
Xu Mingxing
CZ
Mt.Gox
Musk
CZ's New Book Reveals Ten Major Secrets: Insider Knowledge of "September 4th" in Advance, Huobi Ownership Change Details Disclosed for the First Time
CZ: SBF Once Poached Employees with 5x Salaries, Clients Taken to FTX Ended Up in Its Collapse

Odaily News: In his personal autobiography "The Binance Life," CZ mentioned that SBF once poached his junior VIP account manager with a 5x compensation package. She possessed the data of all Binance's VIP clients, and among those clients taken to FTX was Three Arrows Capital, which later collapsed along with FTX.

CZ had asked SBF to stop poaching employees. SBF verbally agreed but then continued to use three to five times the salary to poach those employees who prioritized money more. CZ stated that, looking back now, this actually helped filter the team.

2026-04-08
CZ: SBF Once Poached Employees with 5x Salaries, Clients Taken to FTX Ended Up in Its Collapse
CZ: 11 Years Ago, Vitalik Taught My Son About "Infinity Numbers," I Missed the Great Opportunity to Invest in Ethereum

Odaily News CZ mentioned in his personal memoir "Binance Life": "I first met Vitalik Buterin in December 2013 at a Bitcoin conference in Las Vegas. He was only 19 years old at the time, still working at Bitcoin Magazine, yet he was already telling me about Ethereum, which he was conceptualizing. In May 2014, we met again at an industry summit in Beijing.

In May 2015, when Vitalik came to Tokyo, he stayed at my house, slept in bunk beds with my eight-year-old son, and even taught my son what 'infinity numbers' are.

At that time, I asked him, 'Isn't aiming for a Turing-complete language on a blockchain too ambitious? Can it really be done?' Vitalik said, 'Yes.' Now we know he indeed achieved it. My imagination was simply not broad enough.

I knew Vitalik since 2013 and had been following Ethereum, but I never invested. I truly missed a great opportunity! But then again, if I had invested in ETH back then and reaped hundreds of times the return, perhaps Binance as it is today wouldn't exist. Fate has its own plans for everyone."

2026-04-08
CZ: 11 Years Ago, Vitalik Taught My Son About "Infinity Numbers," I Missed the Great Opportunity to Invest in Ethereum
CZ: The Chinese name "币安" was decided together with He Yi, and the process reflects Binance's straightforward and decisive working style.

Odaily News CZ mentioned in his personal memoir "Binance Life": "On June 17, 2017, she (He Yi) was staying in Shanghai to attend a seminar. I invited her to the office to help us revise the whitepaper... When He Yi walked into our office, she pointed at the printed whitepaper on the table and her first words were: 'Your current Chinese name sounds like a supermarket.' I asked her if she had any better suggestions. She thought for a moment and said: 'How about "币安" (Bi An)?' Allan (Note: CZ's former colleague, Binance's founding product manager) and I exchanged a glance and said: 'Okay.'

She was a bit surprised: 'Are you sure you don't need to think about it more? Not ask others? Or consult a feng shui master? Naming is a big deal.' Both Allan and I said: 'No need to ask. Let's move on to the next revision.' This is the origin of the Chinese name '币安'.

Actually, she didn't know that after the English name Binance was settled, we had been struggling with the Chinese name for a long time, until she blurted out the two characters '币安'. This naming incident shows Binance's working style: straightforward and decisive, without any hesitation. We make decisions quickly, dislike endless meetings, and get things done as soon as they are discussed."

2026-04-08
CZ: The Chinese name "币安" was decided together with He Yi, and the process reflects Binance's straightforward and decisive working style.
CZ: Volunteered to Introduce Cryptocurrency Knowledge to Inmates During Prison Time

Odaily News CZ mentioned in his personal memoir "Binance Life" that during the later stages of his sentence, he was transferred to a halfway house. There, he was approved to volunteer, and one of his volunteer tasks was helping to create cryptocurrency educational materials for inmates. However, CZ stated that he basically just copied and pasted most of the content from the Binance Academy.

2026-04-08
CZ: Volunteered to Introduce Cryptocurrency Knowledge to Inmates During Prison Time
CZ Claims He Did Not Sell Holdings Before LUNA Crash, Once Refused to Cash Out $1.6 Billion in Profits, Currently Still Holds Some Related Tokens

Odaily News CZ, in "Binance Life," reflected on the Terra incident, stating that Binance invested approximately $3 million in Terra as early as 2018 and received LUNA tokens, with the book value soaring to around $1.6 billion before the crash.

He mentioned that before the sharp price fluctuations of LUNA in 2022, the team discussed whether to reduce holdings but ultimately decided against selling. On one hand, they were concerned that concentrated selling would exacerbate market panic; on the other hand, a large-scale exit would require considerable time to execute, and the market had already entered a rapid downturn phase at that time. Additionally, he expressed a desire to avoid the perception that the platform was "exiting ahead of retail investors." Currently, some related tokens are still held.

2026-04-08
CZ Claims He Did Not Sell Holdings Before LUNA Crash, Once Refused to Cash Out $1.6 Billion in Profits, Currently Still Holds Some Related Tokens
CZ: Learned about the news the night before the 94 ban was announced and flew to Tokyo in advance

Odaily News CZ mentioned in his personal memoir "Binance Life" that on September 4, 2017, the night before the 94 ban was announced, he received a message on his phone indicating there would be a "major crackdown" the next day. At 12:30 a.m. that day, CZ and executives including He Yi urgently held a conference call, ultimately deciding that he, He Yi, and Heina would go to Tokyo first, while others would temporarily remain in Shanghai.

To prevent being tracked, He Yi reminded CZ during the journey to remove his phone's SIM card and turn it off, which CZ did. However, He Yi later told CZ that this idea came from spy movies she had watched, and she wasn't sure if it would actually prevent tracking.

2026-04-08
CZ: Learned about the news the night before the 94 ban was announced and flew to Tokyo in advance
CZ: Once Accidentally Sent 46 BTC to the Wrong Chain, "Mt. Gox Hacker" Retrieved It

Odaily News CZ mentioned in his personal autobiography "Binance Life" that he used the BTC-e platform after the collapse of Mt.Gox. During a deposit operation, due to a mistake, he transferred 46 BTC (worth approximately $30,000 at the time) to an incorrect chain.

Subsequently, CZ sent a retrieval request email to the exchange's customer service, and the funds were quietly returned to his account two weeks later. He later learned that BTC-e might have been an exchange operated by the Mt.Gox hackers themselves.

2026-04-08
CZ: Once Accidentally Sent 46 BTC to the Wrong Chain, "Mt. Gox Hacker" Retrieved It
CZ: Nearly Became China CEO Before Mt.Gox Collapse, Lost 100 BTC Himself.

Odaily News CZ mentioned in his personal memoir "Life at Binance" that in early 2014, he was recommended to become the CEO of Mt.Gox's China operations, responsible for the Chinese business, with the opportunity to receive 10% equity. However, just as the contract was about to be signed, Mt.Gox collapsed on February 7, 2014, suspending user withdrawals, leading CZ to decide not to join.

But CZ was not without losses. After the Mt.Gox collapse, the 100 Bitcoins he personally held on Mt.Gox (worth $50,000 at the time, approximately $7 million today) were also lost. However, CZ did not pursue recovery.

2026-04-08
CZ: Nearly Became China CEO Before Mt.Gox Collapse, Lost 100 BTC Himself.
CZ's New Book Admits Binance's Investment in X Was a Snap Decision, Says Musk Rejected FTX Because He's a Good Judge of Character

Odaily News CZ recalls the details of investing in Twitter (now X) in 2022 in his personal autobiography "Binance Life," stating: "In April 2022, news broke that Musk was going to acquire Twitter. My first reaction was: 'Great! At least Twitter's update speed will improve.' A few days later, the investment team told me: we can participate in the investment. We had a short meeting: invest or not? How much to invest? Is the valuation expensive? Honestly, I had no idea. After a 30-minute meeting, we decided to invest $500 million to support Twitter's privatization. That number was basically decided on a whim by a few people, without any detailed data analysis. The reason was simple: we want money to be more free, so we must support freedom of speech."

"I only spoke with Musk briefly. We're both busy and don't like small talk, so the conversation was short and direct. He only mentioned: he hopes to run Twitter his own way. I had no objections... For the $500 million investment, I only attended a few meetings. We are still a small shareholder in Twitter (now called X). X later merged with xAI, so we also became a small shareholder in xAI. And when xAI merged with SpaceX, we became a tiny shareholder in SpaceX. Later, I learned from the news that FTX also wanted to participate at the time. But Musk's 'scam radar' went off, and he didn't let them join. I have to say, even though Elon says he has Asperger's, his judgment of people is quite accurate."

2026-04-08
CZ's New Book Admits Binance's Investment in X Was a Snap Decision, Says Musk Rejected FTX Because He's a Good Judge of Character
CZ: In BNB Chain, "BNB" is endowed with the meaning of "Build N Build," emphasizing the concept of continuous construction and ecosystem development.

Odaily reported that CZ stated in his memoir "Binance Life" that BNB was launched in 2017 as a utility token on the Ethereum blockchain. In 2019, BNB was upgraded to become the native token of its own blockchain, BNB Chain, used to support the operation of a decentralized blockchain ecosystem. CZ pointed out that in BNB Chain, "BNB" is endowed with the meaning of "Build N Build," emphasizing the concept of continuous construction and ecosystem development.

2026-04-08
CZ: In BNB Chain, "BNB" is endowed with the meaning of "Build N Build," emphasizing the concept of continuous construction and ecosystem development.
CZ: I was the last person to know I was pardoned

Odaily News CZ mentioned in his personal autobiography "Binance Life" that "the US President's pardon" sounded like the ending of a fantasy movie. During that hour when his personal X account was silent, he was actually on his way to a meeting with the Kyrgyz government, making him the last person to know he had been pardoned.

2026-04-08
CZ: I was the last person to know I was pardoned
BitMart合约将上线IONQONUSDT、RGTIONUSDT、SBUXONUSDT

Odaily News According to an official announcement, BitMart Futures will list IONQONUSDT, RGTIONUSDT, and SBUXONUSDT perpetual contracts at 16:00 (UTC+8) on April 8, 2026, respectively, supporting up to 20x leverage.

2026-04-08
BitMart合约将上线IONQONUSDT、RGTIONUSDT、SBUXONUSDT
CZ: Acquired a 20% stake in Swipe Wallet for tens of millions of dollars around 2020 and launched the Binance Card in Europe.

Odaily News CZ mentioned early information about the "Binance payment card" in his personal autobiography "Binance Life." He stated: "In February 2020, I was introduced to the Philippine crypto startup Swipe Wallet. It was originally a wallet but later pivoted to offering crypto debit

cards. Users pay with cryptocurrency, while merchants receive fiat currency, making the experience almost seamless for users.

The idea itself wasn't new; the biggest challenge was finding banking partners. For crypto enthusiasts, it eliminated the hassle of selling crypto for fiat, allowing cryptocurrency to be used directly for daily payments. At that time, Swipe wasn't officially operational yet but wanted to gain users through a partnership with Binance. Founder Joseph offered to exchange 80% of Swipe's equity for a partnership. He was very smart and later sold the remaining 20% to us for tens of millions of dollars.

Subsequently, Binance launched the Binance Card in Europe, which quickly became a favorite among users."

2026-04-08
CZ: Acquired a 20% stake in Swipe Wallet for tens of millions of dollars around 2020 and launched the Binance Card in Europe.
CZ: Voluntarily Pleaded Guilty in the US to Mitigate Impact on Binance Users and the Overall Crypto Industry

Odaily News CZ stated in his new book "Binance Life" that in 2023, he voluntarily traveled to the United States and admitted to violating relevant provisions of the U.S. Bank Secrecy Act, primarily related to Binance providing services to U.S. users in its early stages without completing registration. CZ claimed that against the backdrop of tightening regulatory environment at the time, failing to make this decision could have brought greater uncertainty and potential shocks to Binance's operations, BNB holders, and industry development. CZ expressed that he chose to address the risks by personally assuming legal responsibility, aiming to reduce the impact on platform users and the overall cryptocurrency industry while ensuring the continued operation of the business.

2026-04-08
CZ: Voluntarily Pleaded Guilty in the US to Mitigate Impact on Binance Users and the Overall Crypto Industry
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