Changpeng Zhao's story is arguably the most dramatic legend in the cryptocurrency world. From building one of the world's largest trading platforms to being imprisoned over compliance issues, and then regaining freedom through a presidential pardon—this Chinese entrepreneur's journey is more unbelievable than a movie.

Under his leadership, a major exchange reached the pinnacle of the industry, with daily trading volumes once surpassing competitors. But who would have thought that in 2023, he would plead guilty to violating U.S. anti-money laundering laws and face months in prison? Even less expected was President Trump issuing a pardon after returning to the White House.

This news caused a stir in the community. Some said it was a case of political-business collusion, while others saw it as a sign of industry reshuffling. Regardless, CZ's ups and downs have become a living lesson in cryptocurrency regulation battles. From soaring to falling and then bouncing back, his story shows everyone that in this industry, rules and luck are equally important.