Freedom of Money: A Memoir of Protecting Users, Resilience, and the Founding of Binance

Freedom of Money is part memoir, part manifesto by Changpeng Zhao (CZ), tracing his journey from a modest childhood in rural China to building Binance into the world's largest crypto exchange, serving 300 million users with a $100 billion valuation as of 2026. The book takes readers inside crypto's explosive rise and the high-stakes decisions CZ made amid volatility and geopolitical pressure.

CZ offers a first-hand account of the principles that drove Binance's rapid ascent—attracting top talent, fostering intense commitment, and prioritizing users in a crowded market. He also explores crypto's potential to expand global financial access, especially for people underserved by traditional banking systems.

Addressing industry controversies, including the collapse of FTX, CZ also details his own legal challenges with U.S. regulators. In 2023, Binance faced a charge related to early compliance shortcomings under the Bank Secrecy Act. Notably, there were no accusations of fraud or money laundering. Acting on legal advice, CZ voluntarily traveled to the U.S. to plead guilty. Binance paid a $4.3 billion fine, CZ was fined $150 million, and he served a four-month prison sentence, during which he wrote much of the book.

He also recounts the unexpected complications following his release, offering a candid and often unsettling look at his experience with the U.S. legal system.

Blending personal story with industry insight, Freedom of Money provides a rare perspective on both the promise and challenges of crypto. It is a compelling listen for anyone interested in financial innovation, global markets, and the pursuit of financial freedom.