CZ's Untold Story: The Rise, Fall, and Redemption of Binance's Founder
All-In with Chamath, Jason, Sacks & Friedberg
All-In Podcast, LLC
4.0 • 10.4K Ratings
🗓️ 10 February 2026
⏱️ 117 minutes
🧾️ Download transcript
Summary
(0:00) From China to Canada
(6:13) CZ's Early Career: Shockingly Normal
(17:39) First Company in Shanghai
(23:08) Discovering Bitcoin
(30:11) Going All-In on Crypto
(41:27) Founding Binance
(1:03:57) The FTX Story: SBF Relationship and Collapse
(1:09:46) Facing Biden's Anti-Crypto DOJ
(1:25:25) Inside Federal Prison
(1:40:10) Life After Binance and New Ventures
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Transcript
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| 0:00.0 | CZ, welcome to the All In Podcast. |
| 0:01.9 | Thanks for having me here. |
| 0:03.2 | It's really, really great to see you. It's a pleasure. I want to go all the way back to the beginning because I think a lot of people don't really know your background the way that they probably should. The part of the background that I really care about is there's parts of your early journey in Canada, which is very similar to mine. You worked at McDonald's. I worked at Burger King. But before that, your parents were able to emigrate from China right around Tiananmen Square, right? |
| 0:27.4 | My father went to Canada to study in 1984. That's five years before Tiananmen Square. |
| 0:33.1 | How did that come about? So your father stayed in Canada once he went there or no? |
| 0:37.6 | He could visit us every twice a year, basically, but most of the time he was in Canada. |
| 0:43.4 | And he was a teacher in China? He was a teacher professor. He was a professor in China. |
| 0:48.4 | And then he went to do an exchange program in University of Toronto first. And then a couple years later, he moved to UBC, University of British Columbia in Vancouver. |
| 0:58.7 | And then he was there. |
| 0:59.7 | We were applying. |
| 1:01.0 | Back then, it's actually very difficult to get a passport. |
| 1:04.2 | You take like three or four years to get a passport. |
| 1:06.5 | We started applying in 1985-ish. |
| 1:09.3 | It took like two, three years to get a passport. |
| 1:11.7 | And then after you get a pass- |
| 1:13.0 | Meaning a Chinese passport? |
| 1:13.9 | A Chinese password, yeah. |
| 1:15.5 | So, and then it takes like another few years to get a visa. |
| 1:19.4 | Like, that's just how long the process takes back then. |
| 1:22.1 | And then, yeah, so we got it shortly after in 18, 1989. |
| 1:27.1 | When you look back, it almost seems fortuitous. |
| 1:29.4 | Isn't there a version where post-Tianamen, they kind of just shut everything down and say, |
... |
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