In the summer of 2024, a man sat in a federal prison in California and typed the first draft of the book word by word with an old computer that could not be copied。

HIS NAME IS ZHAO CHANG PENG, FOUNDER OF BIAN AN, KNOWN AS CZ。

Before he went to prison, he was at the helm of the largest encrypted money trading platform in the world, with over 300 million users. After his release from prison, he was pardoned by President Trump. And in 76 days, he was sleeping on two or three centimetres of corroded mattresses, eating cereals that tasted like crumbs, listening to toilet flushing all night, thinking how to get more kids to school free。

It was written that time. The Block Bets editor (by AI of course) takes and sorts out some CZ stories for readers:

He moved 11 times

CZ HAS ITSELF SUMMED UP IN THE BOOK THAT "LIKE EVERY FOUR YEARS TO MOVE HOME" AND THAT THE LEVEL OF DETAIL IN THE BOOK VARIES WIDELY FROM ONE HOME TO ANOTHER, WITH THE POORER PLACES BEING WRITTEN MORE SPECIFICALLY. THE FOLLOWING IS IN CHRONOLOGICAL ORDER:

1 Jiang Su Qinggu Town, around 1977-1982 (0-3 years)

PLACE OF BIRTH, BUT CZ SAYS, "I DON'T REMEMBER MUCH ABOUT QINGGU. ALL I KNOW IS FROM MY FAMILY."

The village of Jiangsuzhang, 1982-1987 (3-10 years)

THE MOTHER, ASSISTED BY A MAN, MOVED WITH THE CZ AND HER SISTER TO THE VILLAGE OF QINGHU, NEAR THE GRANDMOTHER ' S HOUSE, WHERE SHE LIVED IN A TEACHER ' S DORMITORY AT THE VILLAGE ' S SECONDARY SCHOOL。

THE DWELLING IS EXTREMELY SIMPLE: TWO HOUSES, ONE SLEEPING (TWO BEDS OCCUPY MOST OF THE SPACE) AND ONE LIVING ROOM, LIBRARY AND RESTAURANT. THE GROUND IS MUD, NOT EVEN CEMENT. THERE WAS NO RUNNING WATER, AND THE NEAREST WELL WAS 300 METRES AWAY, AND MOTHERS CARRIED THEIR BAREBACKS EVERY DAY. EACH BATH USES ONLY ONE BUCKET OF WATER, AND IT IS RARE TO WASH ONCE IN WINTER. THE VILLAGE HAS BEEN WITHOUT ELECTRICITY FOR A LONG TIME, AND CZ HAS BEEN WORKING ON KEROSENE AND HAS ONLY BEEN ABLE TO DO SO SINCE THEN, BUT ONLY FOR A FEW HOURS A DAY AND AT IRREGULAR TIMES。

1982. CZ WITH SISTER

A FEW YEARS LATER, IN THE YARD, THERE WAS A HAND-PUMP, AND CZ SAID IT WAS A TIME WHEN HE "SOWNS THE SEEDS OF TECHNOLOGY IN HIS HEART."。

3. Magnificent College, 1987-1989 (10-12 years)

THE FATHER STUDIED PHYSICS IN HIGH SCHOOL AND MOVED HIS FAMILY TO CO-FERTILIZER. IN THE FIRST PLACE, THE TEACHERS ' DORMITORY, A SINGLE ROOM, A FOUR-LEGGED TWO-STOREY KITCHEN, A PUBLIC GAS STOVE IN THE CORRIDOR, SMELLED OF SMOKE EVERY TIME THEY ARRIVED. WITHIN A SHORT PERIOD OF TIME, THEY MOVED INTO TWO SMALL APARTMENTS: NO LIVING ROOM, THE MAIN LIVING ROOM, THE CZ AND THE SISTER LIVING IN A SECOND BEDROOM, "THE SPACE IS SO NARROW THAT THEY CAN TURN " , THE WHOLE BUILDING HAS NO PLACE TO SHOWER AND WALK TO A PUBLIC BATH FOR 10 MINUTES。

4 VANCOUVER UBC CAMPUS, 1989-1995 (12-18 YEARS)

IN AUGUST 1989, THEY EMIGRATED TO CANADA. THE FIRST ROOM IN THE UBC CAMPUS STUDENT DORMITORIES, A FOUR-LEGGED TOP AND BOTTOM BUNK, THE BATHROOM AND KITCHEN ARE PUBLIC AND STUDENTS FROM VARIOUS COUNTRIES SHARE LARGE REFRIGERATORS AND DINING TABLES。

The father spent $700 (seven months of income) here buying a X286 computer for CZ. CZ said, "If I didn't have the computer, I wouldn't be here today."

IN 1990, CZ FIRST CAME INTO CONTACT WITH COMPUTERS IN VANCOUVER

A FEW WEEKS LATER, THEY MOVED INTO THE UBC RESIDENTIAL COMPLEX, WHERE CZ SAID IT WAS "THE MOST SPACIOUS PLACE I'VE EVER LIVED", DOWNSTAIRS IN THE KITCHEN LIVING ROOM, WITH TWO BEDROOMS UPSTAIRS AND A SMALL STOREROOM WITH A SMALL GARDEN. HOWEVER, THE PARENTS AND THE SISTER LIVED IN ONE BEDROOM EACH, AND THE SMALL STOREROOM BECAME THE "ROOM" OF THE CZ: THE SOLE MATTRESS WAS STUCK IN THE MIDDLE OF THE THREE WALLS, CRAWLING FROM THE END OF THE BED TO SLEEP LIKE A CAVE, WITHOUT WINDOWS. INSTEAD, HE SAID, "MAYBE IT'S BECAUSE OF THIS EXPERIENCE THAT I DON'T HAVE LITTLE SPACE PHOBIA."

THERE ARE A NUMBER OF JOBS HERE: MCDONALD ' S, PNE DISHWASHER, NIGHT SHIFT AT THE CHEVRON GAS STATION, VOLLEYBALL REFEREE, WHO ALSO ATE A LOT OF FOOD AND RECEIVED FREE ADVICE FROM A RETIRED LANGUAGE THERAPIST。

5. McGill University, Montreal, 1995-1999 (approximately 18-22 years)

During university. The first year of school rented an apartment (because it was cheaper than the dormitory), but it turned him into a "single" with friends on campus and he was always alone. The book says that there was a lot of pressure in the heart。

He went to Tokyo for two summer internships and the company took over the accommodation, but soon found that “the accommodation costs were much higher than the wages”。

6 Tokyo, approximately 1999-2001 (22-24 years)

The university did not finish its last year and stayed in Tokyo to work. A small room was rented in the dark section, where it was depicted as "just in time for the next bed and a book cabinet and a motorcycle parked by the bed." "The motorcycle is parked in the bedroom because it's not safe outside。

The quality of life in Tokyo was the most comfortable part of the first period of the book: riding a motorcycle through the Rainbow Bridge, going to Tokyo Bay for dinner, going to a box of hot springs on weekends, taking a PADI dive licence, playing CS in the top 10 years of Tokyo, and also knowing his wife Winnie in Tokyo。

IN 2000, CZ WAS RIDING A MOTORCYCLE IN THE JAPANESE BOX

7 Manhattan, New York, 2001-2005 (approximately 24-28 years)

ENTERED BLOOMBERG IN NOVEMBER 2001. WHEN THE COMPANY MOVED, A PROFESSIONAL MOVING COMPANY PACKED THE TOKYO HUTS AND EVEN THE GARBAGE CANS, AND THE CZ SAID, "THIS IS DIFFERENT FROM MY PREVIOUS MOVE."。

BACK IN NEW YORK, BLOOMBERG ARRANGED A SERVICE APARTMENT FOR HIM AT 59TH STREET IN MANHATTAN, ONE ROOM AND CZ SAID, "IT WAS THE MOST COMFORTABLE PLACE I'VE EVER LIVED." IT TOOK HIM TWO MONTHS TO ARRIVE AND DURING THE TRANSITIONAL PERIOD HE WAS ADAPTED TO THE NEW CITY。

Promotions were rapid during Bloomberg, with 60-person development teams and an annual salary increment of $390,000 (2005). The child was born here, and he quietly offloaded the Anti-Terrorism Elite out of family responsibilities。

Shanghai, 2005-2017 (28-40 years, intermittent)

Arrival in Shanghai in November 2005 created the Financial Technology Corporation. Initially, speeches were repeated in empty apartments that had just been rented and prepared for the press launch. The residence in Shanghai was not well written, but he mentioned that:

Buying Pudong's apartment (the book says "The house contains too many memories: teaching kids how to skate, learn to swim, and have birthday parties") and selling the house in 2013 with bitcoin. This was the most family-friendly place he had in the book, and the only house he had described as family life, and there was no such place after selling it。

In 2015, his family was in Tokyo, where he left himself to start a business in Shanghai and "suspend more time in the office."。

Singapore, end of year 2018-2021 (approximately 41-44 years)

In 2018, after MAS indicated that it did not regulate encrypted currency, CZ designated Singapore as its main base. The three rooms of Seaview were rented in San Francisco, with a good view, but "the route outside the window is too noisy and always closes the windows at meetings". In Singapore, housing is generally small and "my bedroom is stuck in a desk and bed, and the remaining space is difficult to turn." All out with Grab, no car。

This period was marked by the death of FTX, the death of a father and the tightening of multinational regulation. The closure of the Binance Singapore station in December 2021 took more than nine months to apply for a work visa, in sharp contrast to the gold visa that was subsequently granted to Dubai on that day。

10, Dubai, end of 2021 to date (44 years-)

2021 Friends Gabriel at the end of September suggested that CZ fly to Dubai. The gold visa was granted the same day (less than 12 hours, or weekend). By the fourth day of Dubai, he had bought a second house, the first in nearly nine years since he sold his Shanghai apartment in 2013. The book explains why he never bought a house: “The house cannot be moved, it becomes trouble, it means formalities, maintenance, property, which consumes my limited time and energy.” The purchase was for a “proprio motu job” because it took a gold visa to find out that an investment or a house was usually required。

Dubai was highly efficient, and one month later Binance had signed a memorandum of cooperation with the Government and three months had obtained a licence in principle, which Singapore had failed to do for several years。

11 United States Federal Prison Lompoc II, June-August 2024 (approximately 47 years old)

It is strictly forced residence, but one of the most detailed dwellings is depicted in the book. On the same day, he went through a full-naked examination with his hands on his head, lifting his arm, reaching his hair, opening his mouth, lifting his tongue, examining his ears and then carrying his balls, turning around, showing his feet, breaking his ass, bending over and coughing three times to ensure that nothing was hidden in his ass。

Following the old brown T-shirts and yellow socks, CZ was assigned to the A5 cell in Area C: double-bed steel, small cabinets, small pots of steel toilet and a plastic chair. The mattresses are two or three centimetres thick, and they are worn out, with cold steel plates underneath them. Jay, a fellow prisoner, brought him an old sweaty sweater, which he "has no hesitation to pick up."。

FIRST DAY IN JAIL, CZ DIDN'T DARE TO SHOWER, BUT SOONER OR LATER HE HAD TO WASH. AND THEN IT DIDN'T LOOK AS SCARY AS THE MOVIE, BUT THE SHOWER ROOM WAS SO NARROW THAT THE SHOULDER WAS SO WIDE, THE WATER WAS ONLY 30 SECONDS AWAY, THE TEMPERATURE WAS SO COLD, IT WAS OFTEN HOT, AND THE SOLUTION WAS TO WET THE TOWELS AND WIPE。

200 male prisoners in the entire cell block, with tattoos, eyes. The toilet flushes like fighter jets, all night long. The food is “eats like paper crumbs” with defamined milk close to white water。

SOME GUARDS WERE INTERESTED IN ENCRYPTED MONEY, AND AFTER RECOGNIZING CZ, THEY ASKED, "IS IT TIME TO BUY BITCOIN?" CZ WANTS HIM TO SAY, "YES, I CAN BUY," AND IF THE BITCOIN FALLS TOMORROW, HE SAYS, "I CAN'T GO ONLINE, I HAVE NO INFORMATION, HOW CAN I KNOW?" THE PRISON GUARDS STOPPED ASKING。

76 Days later, they were transferred to a halfway house (like a university dormitory, door unlocked, about 40 inmates). In another period of time, she will be staying at her sister ' s home for the last nine days, for which she will be specially equipped and trained as supervisor。

Out of prison in August 2024, out of the parking lot, standing for 20 minutes waiting for family to arrive. Then he flew back to the United Arab Emirates and said, "I felt truly happy at the moment when I held my children and family again."

The man and face of the ring

SBF: "DID WE NOT EVEN TALK?"

THE FIRST DESCRIPTION OF SBF IN THE BOOK IS THAT THERE IS A UNIQUE WAY TO PLAY VIDEO GAMES IN BUSINESS TALKS。

CZ first met Sam Bankman-Fried (SBF) in January 2019 at the Binance block chain week. He was the CEO of Alameda, and the FTX had not yet been established. They had a dinner at the Singapore aquarium and a follow-up party at the Santa-Saloon villa, which was rather luxury. CZ was too noisy to be here。

In the summer of 2019, FTX went online only a month ago, and SBF came to see Binance to talk about investment. CFO Zhou Wai appreciates SBF, thinks he's hot. SBF flew in, very modestly in front of the CZ, citing many collaborative scenarios. CZ, although not able to look through him like Mask, decided not to invest. SBF then dug up Binance's primary VIP client manager with five times more, took all the VIP client files, and the BinanceVIP client then began receiving the FTX targeted preferential scheme. Among the clients taken were the same three arrows of capital that subsequently collapsed。

In 2020, CZ just voted for FTX, and a friend told him that the SBF was talking about Binance all over Washington. In 2024, it was learned that the top of the FTX, Ryan Salame, was in love with Michelle, who was in charge of lobbying, while Michelle had been pushing the FTX while pressing Binance in American politics. Other friends confirmed that the SBF publicly discredited Binance in front of American policy circles and encrypted people at a closed party。

Alameda appears to have some unusual dealings in Binance, and there are a lot of unusual sales on a contract that Binance found to have been committed by Alameda. Alameda is a SBF company. The Binance team contacted Alameda, explaining that it was "testing system robustness". A few weeks later, Alameda did the same thing on Binance US. It was only after the collapse of FTX that its employees admitted that such losses were a minor failure that was common to them. At that time, Binance also held 20% of the shares of the FTX, a matter that raised CZ's doubts about FTX。

The two men then met at a Saudi summit (MBS Crown Prince's Palace dinner) and Anthony Scaramucci (formerly the White House Communications Director) accompanied and introduced him. CZ and SBF were embarrassed to say a few words and then separated。

Before the FTX crash, on 2 November 2022, CoinDesk reported that the FTX might be bankrupt and that the FTT price had begun to fall. CEO Caroline Ellison of Alameda Research, who responded to CZ tweets with a fatal error, publicly offered to buy FTT at $22, effectively exposing the liquidity crisis. The day before, FTX extracted $200 million from Circle, and other dangerous signals already appeared. Twenty-four hours later, the SBF sent a message to the CZ, "Did we not even talk?"

FTX was then admitted to having a "liquidity crisis" and willing to sell it all to Binance. CZ said, "I don't want FTX, I don't want to help SBF, but I have to get involved to protect users and industry. SBF wanted to announce that Binance intended to buy FTX in order to stabilize the market, but when the announcement was issued, the FTT fell directly to around US$ 2 and the market immediately realized that FTX was not in debt。

Vitalik slept with an eight-year-old son of CZ

CZ was the first to know Vitalik at the Vegas Bitcoin Summit in December 2013. The 19-year-old V was still working in Bitcoin magazine, and he's already talking about his idea of the Taicha。

In May 2014, they met again at an industry summit in Beijing. Two months later, at the Bitcoin conference in Chicago, a photo was taken together。

Since then, they have been in deep contact and CZ sent the Binance White Paper to Vitalik for comments. In 2015, Vitalik came to Tokyo to live at the CZ home, sleeps with his 8-year-old son and teaches him programming。

In 2016, Vitalik came to Shanghai to visit the BIT Office, where CZ introduced him to the team as a "genius." In July 2017, the CZ invited Vitalik to read the Binance White Paper, Vitalik did not like the centralised trading platform, but offered advice。

During the 2020 New Crown, both of them were in Singapore, where CZ invited him to dinner. After the fall of FTX in 2022, Vitalik recommended that Binance introduce zero-knowledge certification as a reserve to be accepted by the team. In 2025, Vitalik invited CZ to support his research on the open-source anti-immunology system, which was immediately donated。

Although Vitalik once publicly said on stage at the block chain conference, "I want all the centralised trading platforms to go to hell." But CZ says it doesn't matter that Vitalik has a unique character and is a pure genius, but sometimes he talks without his brain。

Suh's star

In the spring of 2014, after CZ left Blockchain.info, who invited him to join his own trading platform OK, bitcoin China also offered 10% equity to him. Surprisingly, OKCoin matched the same conditions in three hours, giving the same 10% equity, of which 5% came from a volunteer investor. CZ finally chose Beijing to join OkCoin. According to the book, if Cao Dae-young and Li Kai-won were not forced to follow, they would not have given such a large amount of leverage。

CZ HAS DIRECT OBSERVATION OF SEO'S WAY OF WORKING. THE BOOK SAYS THAT THERE IS A STRONG CULTURE OF ENTREPRENEURSHIP AT BEIJING’S FIVE MOUTHS, AND THAT XU IS A TYPICAL REPRESENTATIVE OF THAT CULTURE, AND HE HAS A BED IN HIS OFFICE THAT IS ALMOST COMPANY-BASED AND WANTS CZ TO DO IT. CZ WAS NOT OSTRACIZED WHEN HIS FAMILY MOVED TO TOKYO, WHERE HE REMAINED ALONE IN BEIJING, ALMOST ISOLATED FROM THE OUTSIDE WORLD AND FULLY ENGAGED IN HIS WORK。

BUT NOT LONG AGO, CZ BEGAN TO FEEL UNCOMFORTABLE. THE BOOK IS DESIGNED TO LEAVE NO DETAIL BUT TO SAY "FUNDAMENTAL DIFFERENCES IN CULTURE AND VALUES" AND SAYS "A LOT OF PUBLIC REPORTS HAVE BEEN MADE BEFORE." IN JANUARY 2015, SEO-SUNG TRIED TO RENEGOTIATE THE 10 PER CENT EQUITY OF CZ, WHICH DID NOT HESITATE TO RESIGN DIRECTLY。

A few months after his departure, Roger Ver and Tsui Sing were publicly torn apart by the use of the bitcoin.com domain name. Their chat records show that the difference of just tens of thousands of dollars has ended up in public, owing to language divisions and cultural differences。

A FEW DAYS LATER, SEO SING SUDDENLY CLAIMED THAT THE ROOT CAUSE OF THE PROBLEM WAS THE CZ ' S "FALSIFIED CONTRACT" IN OFFICE. THE CZ CLEARLY REFUTED THE FACT THAT HE HAD LEFT HIS POST AT THE TIME OF THE INCIDENT AND THAT HE HAD NEVER SEEN THE "FALSE CONTRACT". HE DID NOT WANT TO BE INVOLVED IN THE SALIVA BETWEEN THE TWO, BUT THE "FALSE CONTRACT" DIRECTLY INJURED HIS PERSONAL CREDIBILITY AND WAS UNABLE TO REMAIN SILENT。

In May 2015, CZ sent a note in Reddit clarifying that the statement had never falsified any documents, along with a list of some of the issues observed during OkCoin ' s tenure. And he himself admitted, "Looking back now, it seemed emotional to speak too much, but it was not

SUH'S REACTION WAS INTENSE: PHYSICAL ATTACKS ON CZ WERE CARRIED OUT, AND PRESSURE WAS PUT ON HIM TO PUBLICLY ACCUSE CZ. HE REFUSED AND RESIGNED. IT IS COMMON FOR THE COMMUNITY TO SEE THE RESIGNATION AS SOLIDARITY WITH THE CZ. AS A BETRAYAL OF HIS PERSONAL IDENTITY, SEO SING BEGAN HIS CONTINUING ATTACKS AGAINST CZ AND WHO。

THIS IS THE LAST AND MOST HEAVY PART OF THE BOOK: IN 2025, AT A DINNER, CZ AND LEE LIN MET AGAIN IN 11 YEARS, WHEN LI LIN, THE FOUNDER OF THE FIRE COIN, DECIDED TO LEAVE THE INDUSTRY AFTER HIS RELEASE AND SOLD IT TO SUN YU. LI LIN TOLD CZ THAT HE HAD SEEN A SCREENSHOT SHOWING THAT SEO SING HAD PERSONALLY REPORTED HIM TO THE CHINESE POLICE, WHICH DIRECTLY LED TO HIS ARREST。

Sun Woo-sun, "Book to the Mountain."

In 2017, early in the morning, Sun was preparing to launch the Waves Project, which came to the Binance office and said that he had come specifically to "by the mountains". CZ heard that word for the first time。

ON JULY 7, 2018, CZ FLEW TO ZUG, SWITZERLAND, TO ATTEND THE BLOCK CHAIN CONFERENCE. THE HOST HOSTED A WELCOME DINNER AT THE LAKE RESTAURANT FOR OVER 50 SPEAKERS, AND SUN-WOO CAME TO SEE HIM IN THE MORNING AND SENT A PHOTO, WHICH WAS LATER MISTOOK BY THE MEDIA AND THE SAILORS AS A "PRIVATE MEETING". NO FEWER THAN 50 PEOPLE ARE ACTUALLY TAKING PICTURES。

Supporting Mask's acquisition of Twitter

In April 2022, Mask announced his acquisition of Twitter. The first reaction of the CZ was "Fine, at least the speed of Twitter updates has increased" and a phone call was made to Mask, followed by a short internal meeting, and it was decided that Binance would contribute $500 million in support of Mask's acquisition of Twitter, and media coverage on May 5th. Subsequently, Mask said he would not buy it, and the stock price dropped sharply; six months later, he was forced to complete the deal by a Twitter counter-prosecution. CZ means that by that time it had lost its enthusiasm for the deal。

On October 28th, the Binance team confirmed that $500 million had been transferred to Mask。

CZ LATER LEARNED FROM THE NEWS THAT THE FTX HAD WANTED TO TAKE PART IN THE TWITTER ACQUISITION, BUT THAT MASK'S "DEFENCE RADAR" SOUNDED AND DIRECTLY REJECTED THE SBF。

Meet with Redwood

On August 8, 2017, when he announced his accession to Binance, Shen Nam Peng of Redwood Capital sent her a message indicating his willingness to invest. Binance then moved the negotiations forward, held a video conference and met again in Shanghai, Anshangri La, but the redwood drive became significantly slower。

At the end of October, after Binance had taken the risk, Redwood re-expressed its investment intentions and CZ submitted a direct request for an adjustment to the valuation. This investment was ultimately not made owing to the divergence of valuations。

On the day that Binance came to the top and Bitcoin was the highest in history, Redwood capital came in and sued Binance for failure to complete an investment contract. CZ considers this to be a “suspect” approach to prosecution led by the Redwood American legal team. The book says, "For start-ups, it's suicide, especially when it comes to big players like Redwood. In 2019, the Court rejected all Redwood claims, and Binance won。

IN 2023, IN ABU DHABI, CZ AND SHEN NAM PENG OF REDWOOD CHINA MET AGAIN (AS THE CHINESE TEAM CHANGED ITS NAME TO REDWOOD CHINA) AND THEY HAD A GREAT TIME TALKING AND SHAKING HANDS。

CZ FAMILY

IN THIS BOOK, CZ'S DESCRIPTION OF FAMILY IS HIGHLY RESTRAINED, RARELY FANCIED, BUT THE MORE RESTRAINED, THE BETTER。

Now I'm sad when I think of my father

Fathers are the most complete and heavyest family roles written in books。

CZ FAMILY PHOTO. IN 1987, AT THE FAT CHINA UNIVERSITY OF SCIENCE AND TECHNOLOGY

CZ FAMILY PHOTO TAKEN AT VANCOUVER AIRPORT ON 6 AUGUST 1989

WHEN I WAS A CHILD, MY FATHER WAS THE ONE WHO WAS NEVER HOME. HE WAS THE FIRST PERSON TO ENTER UNIVERSITY IN JIANGSU COUNTRYSIDE, WHERE HE STUDIED HIS OWN CALCULUS, LINEAR ALGEBRA, ELECTROMAGNETIC FIELDS, ON THE BASIS OF WHICH HE STUDIED HIMSELF DURING THE NIGHT WHEN OTHERS PLAYED CARDS AND DRANK ALCOHOL, AND EVENTUALLY TOOK A POST-GRADUATE DEGREE IN PHYSICS AT THE CHINESE UNIVERSITY OF SCIENCE AND TECHNOLOGY AND LATER BECAME A UNIVERSITY LECTURER. LATER, AS AN EXCHANGE SCHOLAR, HE WENT TO THE UNIVERSITY OF TORONTO, WHERE HE STUDIED FOR A DOCTORATE, WAS ADMITTED TO THE UBC DEPARTMENT OF PHYSICS, WHERE HE BROUGHT HIS FAMILY BACK TO VANCOUVER. CZ SAID THAT THE FATHER HAD OPENED UP NEW OPPORTUNITIES FOR HIM AND HIS SISTER, BUT THAT THE FATHER COULD ONLY RETURN HOME TWICE A YEAR DURING THE WINTER HOLIDAYS, ALMOST 24 HOURS A DAY。

The details: Father spent $700 (equivalent to his seven-month income) on a 13-year-old CZ computer. CZ wrote, "This is the most expensive computer my father and I have ever bought in my life." But now, looking back, this money is of special value. Without that computer, there would be no me today."

WHILE IN UBC, THE FATHER WALKED HOME LATE IN THE NIGHT AND WAS HIT BY A CAR, UNCONSCIOUS FOR THREE DAYS AND HAD A LONG HEADACHE. HIS DREAM WAS TO START HIS OWN COMPANY, BUT IT WAS NOT POSSIBLE BECAUSE ENGLISH WAS NOT HIS MOTHER TONGUE AND HAD NO BUSINESS EXPERIENCE. HE LIVED A SIMPLE LIFE, RECEIVED ONLY ONE CZ TO GIVE HIM MONEY, THEN HE SAID NO。

THE DEATH OF THE FATHER IS ONE OF THE MOST EMOTIONAL PARTS OF THE BOOK. IN 2020, THE FATHER DIAGNOSED LEUKAEMIA AND IN 2021, SPRING DISEASE WORSENED, LEAVING THE DOCTOR ' S ESTIMATE FOR ONLY 12 TO 18 MONTHS. CZ IMMEDIATELY PROPOSED THAT HIS FATHER BE BROUGHT TO SINGAPORE, CONTACTED THE BEST LEUKEMIA SPECIALIST AND APPLIED FOR A SPECIAL HUMANITARIAN ENTRY PERMIT FOR THE NEW CROWN CLOSURE PERIOD. EVERYTHING'S READY. FATHER SAID HE WANTS TO STAY TWO MORE WEEKS IN TORONTO。

A week later, the father had a fever in the usual night, did not want to go to the emergency line at night and decided to go to the hospital the next day. It was unexpected that chemotherapy had significantly reduced his immunity. The next morning, he left。

"On the previous night, they walked together, and everything was fine."

CZ WROTE, "THIS IS HARD FOR ME TO ACCEPT. I WAS READY TO SEE HIM IN A WEEK. FOR THE FIRST TWO DAYS, I CRIED SEVERAL TIMES. MY FATHER AND I ARE NOT VERY CLOSE, AND WE DON'T COMMUNICATE VERY OFTEN, AND MAYBE THIS IS THE TYPICAL CHINESE PATERNITY. BUT WHAT'S LEFT OF MY HEART WITHOUT HIM."

He also wrote: "Now it's sad when you think of your father, too"。

She was 82 years old. She took a six-hour ride to see her son

MOTHERS ARE ALWAYS A SILENT IMAGE IN BOOKS, BUT THEY APPEAR AT THE MOST CRITICAL POINTS OF CZ LIFE。

IN CHILDHOOD, THE FATHER WAS ABSENT AND THE MOTHER WAS ALONE WITH TWO CHILDREN. THE GROUND IN THE HOUSE IS DIRT, THERE IS NO RUNNING WATER, AND EVERY DAY THE WATER IS TORN FROM A WELL 300 METRES AWAY. SHE PREPARED A DESK FOR EVERY CHILD, AND CZ SAID IT WAS "LUXURIOUS" IN THE COUNTRYSIDE AT THE TIME, AND COULD HAVE PLANTED THE SEEDS OF LEARNING IN HIS SUBCONSCIOUS. THE MOTHER THEN WORKED AT THE GARMENT FACTORY IN VANCOUVER AND LEFT EARLY IN THE MORNING TO SAVE MONEY AND GIVE THE BEST TO THE CHILDREN。

CZ, AFTER SELLING PUDONG'S APARTMENT, AND THEN THE PRICE FELL, THE MOTHER RESPONDED WITH ONLY ONE SENTENCE: "WHY CAN'T YOU DO A STEADY JOB LIKE YOUR SISTER?" HE USED TO DESCRIBE THAT DIFFICULT PERIOD, WHICH WAS BRIEF, BUT OF GREAT WEIGHT。

ON THE NIGHT BEFORE THE CONFESSION, CZ WROTE A LETTER OF RESIGNATION IN THE HOTEL ROOM IN SEATTLE UNTIL 4:00 IN THE MORNING. THAT NIGHT, HE HAD DINNER WITH HIS SISTER, HIS MOTHER AND A FEW GOOD FRIENDS. AFTER DINNER HE WENT TO HIS ROOM ALONE TO WRITE。

The mother was then stopped outside the door on her first visit to the prison, as the immigration officer had not initially stamped her Canadian passport and the prison guards had no record. When she was 82 years old, she took a six-hour bus to see her son and was denied access. Her sister was able to enter the country only after downloading her entry records from the Government website。

CZ WAS DETAINED 14 DAYS LATER AND FINALLY RELEASED. THE MOMENT I WALKED OUT OF THE DETENTION CENTRE, "THE SISTER AND MOTHER WERE WAITING OUTSIDE." GO STRAIGHT TO THE AIRPORT AND GET ON A PRIVATE PLANE. CZ WROTE, "I HUGGED MY SISTER AND MOM AND BOARDED THE PLANE. IT TOOK ONLY 26 MINUTES FROM ME TO GET OUT OF THE DETENTION CENTRE, TO GET THE PLANE UP

When the plane landed in the UAE, he wrote, "I felt truly happy at the moment when I held my children and my family again."

I'm so lucky to have such a sister

SISTER IS THE SECOND MOST FREQUENT FAMILY MEMBER TO THE FULL BOOK, AND SHE IS PRESENT ALMOST EVERY TIME AT THE MOST VULNERABLE TIME OF THE CZ。

CHILDHOOD: SISTER IS TWO YEARS OLDER THAN CZ, BUT ATTENDING SCHOOL EARLIER THAN HIS PEERS. IN VANCOUVER, 15-YEAR-OLDS STARTED WORKING AT MCDONALD'S, AND A YEAR LATER, WITH CZ. WHEN HE LIVED IN THE UBC DORMITORY, THE CZ SLEPT IN A SMALL STOREROOM WITHOUT WINDOWS, AND THE SISTER OFFERED TO CHANGE HIS ROOM WITH HIM EVERY FEW WEEKS, AND HE SAID, "IT'S MY LUCKY THING TO HAVE SUCH A SISTER."

The prison visitation phase was the most important part of the book. CZ has been placed in a low-security prison, where family visits require a list of reports prior to sentencing. She came in half a day at the prison entrance with Michael Santos' printed regulations and helped the mother resolve the issue of passport entry. CZ wrote, "I kept saying I didn't have to come until my family first came. But seriously, I'm really happy to see them after a week in prison. When I knew they were coming, I was ready hours early, waiting. When the guard finally called my name, I almost "footless" ran from the corridor to the visiting room. “This is one of the best moments of my life.”

THE LAST NINE DAYS OF HOME DETENTION, CZ WAS SPENT AT MY SISTER'S. FOR THIS PURPOSE, SHE HAS INSTALLED A DEDICATED AIRCRAFT, SHUT DOWN THE SWITCHBOARD FUNCTION, PARTICIPATED IN SUPERVISORY TRAINING AND PASSED STAFF ENTRY CHECKS。

This charming girl is Winnie

Winnie appeared only once in the book, extremely brief:

"A short while ago in Tokyo, one of our friends accidentally walked into a nice Chinese restaurant. The Chinese waitress at the store showed me the light, and we talked naturally. This was her shop, where her father was the only cook, who was responsible for 485 dishes on the menu; and the mother, who looked after the lobby and collected money. This charming girl is Winnie. We started dating and got married a few years later."

Just this one. There is no further explanation of the marriage process。

CZ FRIENDS MOST OFTEN MENTIONED IN THE BOOK

Cao Dae-young and Li Kai-won

These two are the beginning of the whole Binance story:

IN JULY 2013, IN AN OLD FRIEND ' S CARD GAME, CAO DAE-YOUNG (THE GENERAL MANAGER OF GUANGXI CHINA, TWO OF WHOM HAVE KNOWN EACH OTHER FOR SIX YEARS) SAID, "CZ, A NEW THING CALLED BITCOIN, YOU CAN SEE IT. I DON'T KNOW. THE NEXT DAY, CZ AND LI KAI-WON AT DINNER, AND LI KAI-WON GAVE THE FAMOUS SUGGESTION, "YOU SHOULD EXCHANGE 10% OF YOUR ASSETS FOR BITCOIN." THERE'S A SMALL PROBABILITY OF ZERO, YOU LOSE 10%; BUT THERE'S A TENFOLD INCREASE, AND YOU DOUBLE

SINCE THEN, THE TWO INDIVIDUALS HAVE INVITED CZ TO JOIN BITCOIN IN CHINA AS CTO, THREE TIMES BEFORE AND AFTER, EACH TIME BECAUSE OF ANOTHER OPPORTUNITY, CZ HAS DECLINED. LAST TIME, BITCOIN CHINA EVEN TOOK 10% OF THE EQUITY, AND WAS INTERCEPTED BY ANOTHER OPPORTUNITY。

AFTER THAT MEAL, CZ QUIT ALL THE POKER GROUPS

Eric, though short, has a heavy weight。

In 2015, CZ returned to Shanghai and returned to a life of cards, golf and socialization. One day, friends Eric ate and suddenly said, "CZ, if you quit poker for two years, then you can play whatever you want." With your intelligence and intelligence, you could have done more. Now you're wasting your life."

Eric, 10 years older than CZ, sold the company to Motorola in the early years, was gentle and polite, and spoke unstingly. CZ wrote that his words had taken root in his head after that meal, and they couldn't go on for days. From that day on, he stopped poker, worked like a rocket, and finally created Binance. It concludes: “To this day, I thank him for his sincere advice and warning.”

THIS IS THE MOST DIRECT EXPRESSION OF GRATITUDE FOR FRIENDSHIP IN THE WHOLE BOOK。

20 years of old friends who have been in the background at a critical time

CZ and Heina have known each other for 20 years, and in 2005 she sold wine cellars in Shanghai for a friend of mine, a woman from Sichuan countryside who came out to study and get a degree in science. After joining Binance, she was in charge of all backstage services, which is why the CZ said, "99% of my energy is at the front desk, I can hide at the backstage."。

In the early days of Binance, withdrawals were handled manually. Heina, who is the head of the treasury, is scheduled for manual review at the final stage to prevent errors in procedures leading to unusual outflows of assets. The rhythm of her work is to review a withdrawal application every 15 to 30 minutes from morning to late night, until 1:00 a.m., sleep for three hours, wake up at 4 a.m. and review the next batch, and continue the cycle of a new day at 7 a.m. That goes on and on。

Heina's husband finally burst into anger because she stayed up late. In the middle of the night, he seized the computer, hit the ground and stepped on his feet. The CZ left a message in the book to the husband: "He may not know until he sees it, and that night he fell in rage, it was Binance's hot wallet."

MOST OF THE WALLETS WERE RESTORED THROUGH BACKUP, BUT IT WAS FOUND THAT THE HOT WALLET WITH AN ADDITIONAL CURRENCY WAS NOT BACKED UP IN TIME AND CONTAINED APPROXIMATELY $500,000. CZ SAYS, "THIS MONEY IS NOT SO BAD AS TO BANKRUPT US, BUT IT'S NOT A SMALL AMOUNT."。

Since then, Binance has fully upgraded the backup mechanism and eliminated the manual withdrawal audit process. Heina also received a military-grade crash-proof notebook as compensation and prevention。

In the early hours of the ban in September 2017, Heina was in the most difficult position: Without a Japanese visa, she woke her husband up at 2 a.m. and told him "I'm flying to Thailand at 6 a.m. I don't know when I'll be back" and her two-year-old son is still asleep. Her husband asked, "How long?" She replied, "I'm not sure." CZ joked: "I was surprised that no second laptop was hit that night."

Every time I see an old friend at the center, Rich

Rich is one of the most persistent real world friends in the book。

There is no large section in the book that depicts how two people know each other, but Rich appeared at several key points: 2021, when Rich was the first to alert CZ to Michelle Bond, who lobbied for FTX in Washington and pressured Binance; during the Justice Department case, Rich also appeared in the circle of friends who supported CZ; he was one of the best friends who accompanied him when he confessed. Rich belongs to the kind of CZ that says "persons who've been around" and is not an industry star, but he's always there。

High school best friend, Ted

Ted had the longest span of time, and he was the best friend of CZ at Vancouver University Hill High School, and his father was a doctor in Taiwan, and the family was much better off than CZ. Ted's mother prepares two lunches a day, one for Ted and one for CZ who always forgets to bring lunch. CZ said that his modest character, probably from the mother。

Twenty years later, they remained in contact. On the night of the Taiwan earthquake in 2018, CZ and Ted had a snack on the side of the road, and Ted received news that he had his cover in the February magazine. That same year, a letter from the Japan Finance Department, and Ted first came to warn him, because CZ did not normally read mail. That's an interesting detail. A high school buddy is still staring at important mail。

Boss Bao

Two treasures are the early round of Binance's OG, the industry's forebears, and CZ has deep ties. When he came to the office in the early days of Binance, he suggested on the spot that the CZ would bring in one of the "all the problems will be solved if she can join," which was one of the immediate triggers for joining。

But on the other side, when Fcoin introduced the "trade mining" model, it started in the industry. When the tide came, Zambo came to persuade CZ to follow, and after Weibo publicly criticized the model, Zibao said, "You have a problem with logic." CZ remained committed to its own judgment, and Fcoin ' s bankruptcy was later proven correct. They disagree, but the book says that Zibao is always with emotional temperature, not opposing relationships。

First friend in prison, Jay

Jay was an Asian prisonmate, CZ, who entered section C less than five minutes ago, and he volunteered to replace him with a leaking cell, to get him bed supplies and a sweaty old sweater that night, to teach him the basic manners of the prison. "You're one of us." CZ has joined the "Pacific Islander" gang without any choice, with only six small groups out of 200 people in the region。

Jay's a very tight but very fresh figure in the book, which represents the real goodwill that CZ unexpectedly received in prison。