Binance Founder’s Memoir Details Early Gensler Ties, Prison Time

Changpeng Zhao, who built Binance into the world’s largest cryptocurrency exchange before pleading guilty to anti-money laundering and US sanctions violations, gives his version of the company’s legal crisis in a memoir published Tuesday.

“Freedom of Money” describes how Zhao, known in crypto circles as CZ, navigated a federal investigation that ended with a more than $4 billion penalty, and covers his resignation as chief executive and four-month prison sentence.

The book, which includes testimonials from global finance heavyweights Larry Fink and Ray Dalio, recounts what Zhao describes as multiple friendly interactions with Gary Gensler before Gensler became ...