Crypto Billionaire Zhao Vows More Tech Investment After Leaving US Custody: Bloomberg

Crypto billionaire Zhao Changpeng, the founder of Binance, has vowed to ramp up his tech investments following his recent release from US custody.

Zhao was detained by US authorities on allegations of money laundering and other financial crimes, but was ultimately released without charges being filed. In a statement released by his legal team, Zhao expressed his relief at being cleared of any wrongdoing and stated that he plans to focus on expanding his investments in the tech sector.

“I am grateful for the support of my legal team and am pleased to be able to put this ordeal behind me,” Zhao said. “I am more determined than ever to continue investing in innovative technology and supporting the growth of the crypto industry.”

Zhao’s company, Binance, is one of the largest cryptocurrency exchanges in the world and has been at the forefront of the recent surge in interest in digital currencies. With his newfound freedom, Zhao is expected to double down on his efforts to support and invest in tech startups that have the potential to revolutionize industries.

Industry analysts are eager to see what new ventures Zhao will pursue now that he is free to focus on his business without the distraction of legal troubles. With his track record of success in the crypto world, many are optimistic that Zhao’s next investments could have a significant impact on the tech industry as a whole.