CryptoQuant CEO: The industry should look at CZ in a new light after he is released from prison, his achievements far outweigh his mistakes

BlockBeats news, on September 22, CryptoQuant CEO Ki Young Ju posted on social media that CZ should not be underestimated and he deserves respect.

When the intrinsic value of an industry is lower than the capital it absorbs, society often regards it as a "sin". In this case, those who are labeled as "sinners" are those who built and participated in the industry. Society lists the most influential figures as culprits, believing that they should be responsible for the failure of the industry to develop properly. Although many people have made mistakes, only a few have atonement for the "sins" of the industry.

From the perspective of a mature society, the crypto industry is burdened with many "sins". It absorbs huge capital, but its intrinsic value has not grown accordingly. Like other young and immature industries, crime is rampant-this is one of the troubles in its growth process.

Binance co-founder and former CEO CZ will end his four-month detention. While he did make mistakes, his detention also carries a vicarious nature and represents growing pains for the industry. CZ is a respectable businessman. Without Binance, the crypto industry would not have attracted the massive global liquidity it has today.

It is critical to clearly distinguish between his strengths and weaknesses. "In my opinion, CZ's achievements far outweigh his mistakes. He has paid his fine and his detention is about to end. The industry should start looking at him in a new light."