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All-In with Chamath, Jason, Sacks & Friedberg

CZ's Untold Story: The Rise, Fall, and Redemption of Binance's Founder

All-In with Chamath, Jason, Sacks & Friedberg

All-In Podcast, LLC

Business, Technology, Entrepreneurship

4.010.4K 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

Follow CZ:

https://x.com/cz_binance

Follow the besties:

https://x.com/chamath

https://x.com/Jason

https://x.com/DavidSacks

https://x.com/friedberg

Follow on X:

https://x.com/theallinpod

Follow on Instagram:

https://www.instagram.com/theallinpod

Follow on TikTok:

https://www.tiktok.com/@theallinpod

Follow on LinkedIn:

https://www.linkedin.com/company/allinpod

Intro Music Credit:

https://rb.gy/tppkzl

https://x.com/yung_spielburg

Intro Video Credit:

https://x.com/TheZachEffect

Transcript

Click on a timestamp to play from that location

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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