He loved a home-cooked dinner in Montana with a former U.S. senator. He visited Telluride, Colo., and Moab, Utah, a trip spot identified for its nationwide parks. And he chatted about start-ups with Sam Altman, the chief government of OpenAI.

After pleading responsible to a money-laundering violation in November, Changpeng Zhao, the founding father of the cryptocurrency change Binance, didn’t sit nonetheless. A federal choose denied his request to return residence to Dubai, however Mr. Zhao, 47, was free to roam the USA. So he spent the previous 5 months touring the nation, networking with different entrepreneurs and laying the groundwork for his subsequent act.

When he pleaded responsible, Mr. Zhao, as soon as essentially the most highly effective determine within the international crypto trade, resigned as Binance’s chief government and agreed to pay a $50 million wonderful. On Tuesday, a federal choose in Seattle sentenced him to 4 months in jail; prosecutors had sought a three-year jail time period, whereas protection attorneys had requested for probation and no time behind bars.

However Mr. Zhao, who goes by the initials CZ, is already trying to the long run. He has a $33 billion fortune, in keeping with Forbes, and he announced final month that he was beginning a brand new internet platform to advertise on-line schooling.

Mr. Zhao has additionally expressed curiosity in investing in synthetic intelligence and biotechnology, and has corresponded with different executives. Late final yr, he and Mr. Altman exchanged textual content messages, two folks acquainted with the matter mentioned, and mentioned the challenges of increasing a start-up worldwide.

Many highly effective crypto executives have confronted federal lawsuits and prison prices because the multitrillion-dollar trade imploded in 2022. Some have gone to jail, whereas others have loved the excessive life earlier than being arrested. Mr. Zhao’s destiny is more likely to be kinder than most.

His frenetic exercise since November contrasts with the implications confronted by Sam Bankman-Fried, the founding father of the collapsed crypto change FTX. As soon as Mr. Zhao’s best rival, Mr. Bankman-Fried was largely ostracized after FTX imploded in 2022 and prosecutors charged him with stealing $8 billion in buyer funds. A jury discovered him responsible of fraud final yr, and he was sentenced in March to 25 years in jail.

Mr. Zhao, who pleaded responsible three weeks after Mr. Bankman-Fried was convicted at trial, nonetheless enjoys widespread help within the crypto trade. Dozens of present and former Binance staff have submitted letters to Decide Richard A. Jones, the federal choose overseeing Mr. Zhao’s case, asking him to impose a lenient sentence. And lots of crypto entrepreneurs, traders and dignitaries have continued supporting Mr. Zhao, courtroom information present.

A brief jail stint “is a small worth to pay to be a billionaire for all times,” mentioned John Reed Stark, a former Securities and Change Fee official and a critic of the crypto trade. “The trade simply doesn’t care in regards to the extraordinary crypto crime wave ushered in by folks like CZ.”

Representatives for Mr. Zhao and OpenAI declined to remark.

For a lot of Binance’s existence, Mr. Zhao was dogged by accusations that he had damaged the regulation to construct a crypto empire. Binance was the world’s largest crypto change, processing as a lot as two-thirds of all transactions. And Mr. Zhao turned a crypto movie star, with almost 9 million followers on X. His posts helped set off a series of occasions that led to FTX’s demise in 2022.

Final yr, Binance confronted its personal reckoning. The corporate agreed to pay $4.3 billion to the U.S. authorities to settle prices that it allowed prison exercise to flourish on the change.

U.S. officers mentioned Binance violated financial sanctions, permitting entry to its platform to folks in nations like Cuba, Syria and Iran. Mr. Zhao did not arrange correct anti-money-laundering controls, prosecutors mentioned, and let prospects join accounts with out offering the essential private particulars that monetary companies companies often require.

“Zhao violated U.S. regulation on an unprecedented scale,” prosecutors wrote in a courtroom submitting on Wednesday. “Zhao’s sentence ought to replicate the gravity of his crimes.”

Mr. Zhao began speaking about his subsequent act the second the cost in opposition to him was introduced. In a post on X the day of his plea listening to in November, for which he appeared in particular person in federal courtroom in Seattle, he mentioned he was fascinated by investing in areas like crypto, biotechnology and A.I.

“I could also be open to being a coach/mentor to a small variety of upcoming entrepreneurs,” he wrote. “If for nothing else, I can at the very least inform them what to not do.”

In a submitting final week, prosecutors mentioned Mr. Zhao had traveled all through the USA, visiting New York, Los Angeles, Telluride and Moab. Mr. Zhao, who grew up partly in Canada, has spent a few of his free time snowboarding and snowboarding, an individual who is aware of him mentioned.

Mr. Zhao met Mr. Altman in particular person a couple of yr in the past, an individual with data of the matter mentioned. They have been in touch once more after a management battle at OpenAI in late November, two folks acquainted with the change mentioned. The following month, over sizzling pot in Los Angeles, Mr. Zhao advised Ronghui Gu, a pc science professor at Columbia College, that he had communicated with Mr. Altman.

“He talked to Sam, and so they each consider that A.I. goes to assist quite a bit in actualizing the event of expertise and human data,” Mr. Gu, who founded a start-up that Binance helped fund, mentioned in an interview.

On the identical meal, Mr. Zhao talked about that he was “in search of alternatives” to spend money on the big information facilities that energy A.I. purposes, Mr. Gu mentioned.

(The New York Instances has sued OpenAI and its companion, Microsoft, claiming copyright infringement of reports content material associated to A.I. techniques.)

In a letter filed in courtroom final week, Mr. Zhao mentioned he had additionally spoken with “numerous biotech start-ups” in latest months and deliberate to make illness prevention a spotlight within the subsequent chapter of his life.

“I’d like to assist fund small analysis labs with the purpose of curing ailments as soon as and for all, in addition to offering medical entry to billions on the earth utilizing blockchain applied sciences,” he wrote.

In March, Mr. Zhao announced on X that he was beginning a venture known as Giggle Academy, a free on-line studying platform for youngsters. A seven-page “concept paper” posted on Giggle Academy’s web site mentioned the platform would contain A.I. and automation, in addition to nonfungible tokens, the distinctive digital collectibles often called NFTs.

Mr. Zhao wrote on X that Giggle Academy would have “no income” and that he was recruiting a small group to work instantly with him.

On his travels, Mr. Zhao has additionally caught up with influential acquaintances. A few months in the past, he had dinner on the Montana residence of Max Baucus, a former U.S. senator and ambassador to China. In a letter filed in courtroom final week, Mr. Baucus, who labored for Binance as an adviser, mentioned he and Mr. Zhao had mentioned the prison case.

“He didn’t make any excuses besides to notice he didn’t damage anybody,” wrote Mr. Baucus, a Democrat. “He didn’t use others funds for his personal account distinguishing him from Sam Bankman-Fried, who did simply that.”

On the dinner with Mr. Gu in December, Mr. Zhao was joined by his son, a freshman at Pepperdine College. The dinner was principally informal, Mr. Gu wrote in a letter to the courtroom final week. He and Mr. Zhao mentioned their shared curiosity in crypto, in addition to “insights on being a superb C.E.O.”

Then Mr. Zhao’s son requested his father whether or not he was actually responsible. “The sudden silence that adopted was palpable,” Mr. Gu wrote. “He acknowledged his errors and his guilt, emphasizing that making errors shouldn’t be one thing to be ashamed of.”

Mr. Zhao quickly lightened the temper, the letter mentioned, cracking a joke about Mr. Gu’s “continued willingness to dine with them.”

Kitty Bennett contributed analysis.