From Binance to Sign: CZ’s $16 Million Crypto Comeback

CZ invests $16M in Sign, making his first crypto move after $4.3B settlement. Sign’s revenue increases, growing from $1.7M in 2023 to $15M in 2024. CZ cautions about meme coins’ speculative nature and reflects on the collapse of FTX. Changpeng Zhao, the former CEO of Binance, has made a notable return to the crypto market with a $16 million investment in Sign, a blockchain platform specializing in token airdrops and on-chain credential verification. This marks his first crypto investment since completing a prison sentence tied to a $4.3 billion settlement with U.S. authorities. Since his release, Zhao has pivoted his focus toward AI, biotech, and blockchain technology. His investment in Sign, facilitated through YZi Labs , aligns with the surge in token launches and the rising demand for reliable token distribution solutions. According to reports, Sign aims to assist crypto founders and governments in streamlining token distribution processes, emphasizing transparency and identity verification. Brian Armstrong, CEO of Coinbase, has also highlighted the rapid expansion of digital asset creation, estimating that 1 million new tokens are launched weekly… The post From Binance to Sign: CZ’s $16 Million Crypto Comeback appeared first on Coin Edition .