Former Binance CEO Changpeng Zhao has released a memoir titled "Freedom of Money", recounting the exchange's trajectory and regulatory encounters since inception.

Scope and focus of the memoir

The book outlines Binance's founding, operational milestones and interactions with regulators in Asia, Europe and the United States since inception.

CZ covers several high-profile episodes and describes conversations and decisions that influenced market dynamics and corporate strategy.

Allegations and major episodes

According to the memoir, CZ writes that Sam Bankman-Fried "seriously" asked him for billions during a phone call, a claim presented as part of broader recounting of exchanges between industry figures.

He also states that Binance never seriously considered acquiring FTX, and that discussions of any purchase did not progress to a committed transaction.

Admissions and financial regrets

CZ acknowledges missed opportunities, including passing on an early investment in Ethereum and failing to take profits on a LUNA position at its peak, which later resulted in total loss of that stake.

The memoir frames these admissions as lessons learned about timing, risk management and the consequences of rapid market movements.

Proceeds and publication details

All revenues from the sale of the book will be directed to charity, the publication states, with distribution plans overseen by the author and publisher.

The memoir presents a first-person account of the exchange's development, regulatory pressure and several pivotal moments in the recent history of the cryptocurrency market.