Former Binance CEO Changpeng Zhao (CZ) continued to make headlines over the weekend with a series of new announcements, including a proposal to fund an AI-powered justice system and revealing a personal investment in the Aster Token .
The billionaire also quickly denied rumors that he was setting up a private bank in Kyrgyzstan.
AI Judge Companion: CZ's Vision for Justice Technology
On November 2, CZ proposed developing an AI Judge Companion system trained on existing laws and past cases to suggest verdicts for public lawsuits. He explained that while humans are easily swayed by emotions, personal opinions, or political biases, AI can theoretically make more objective assessments.
“While human decisions can be influenced by mood, hunger (before or after lunch), personal opinions or political biases…, AI will theoretically be more objective,” CZ wrote.
CZ also stressed that countries are unlikely to adopt the technology immediately and he does not claim that AI will completely outperform humans. The effectiveness of the system depends heavily on the quality of the training data.
However, the tool could help judges, lawyers, and other stakeholders in the litigation process, and provide data for prediction markets. CZ said he would be willing to fund the development of the system if it was well designed, and the project would not require too many resources .
His proposal has attracted attention from the crypto community, demonstrating CZ’s influence on technology initiatives beyond digital assets. Much of the legal documentation and court records are public, making AI training possible, although practical implementation still faces legal and ethical hurdles.
Personal investment in Aster sends Token price up 12%
The next day, CZ said he bought Aster Token with his personal funds through Binance. He emphasized that he is not a trader but is following a long-term buy-and-hold strategy. Just after the announcement, the price of Aster increased by about 12% , showing the influence of big figures in the crypto world.
“I just bought some Aster today, using my own money, on Binance,” CZ Chia on November 3. “I’m not a trader. I just buy and hold.”
He recounted his 8-year journey with Binance Coin (BNB): buying from the time of issuance and holding until now, except for personal consumption — a style completely opposite to most traders who prefer to surf in a volatile market.
Responding to a post by Peter Schiff — a gold advocate and frequent Bitcoin critic — CZ said:
“Bro, there is a website called coinmarketcap.com. It has a one year chart of Bitcoin.”
He stressed that this moment is “only two days away from a year since the last US election.”
The comment appeared to be a reference to the general bullish momentum of the cryptocurrency market following the political developments. However, CZ did not make any specific predictions about future price movements.
His response to Schiff, a longtime Bitcoin critic, highlighted the contrasting views between traditional precious metals advocates and cryptocurrency advocates.
Rejecting rumors of establishing a bank in Kyrgyzstan
Also on November 3, CZ responded to rumors that he was launching a private crypto bank called Bereket Bank in Kyrgyzstan. When Coin Bureau published this information, CZ spoke up to confirm that the source was inaccurate: he never proposed the bank and did not know where the name “Bereket Bank” came from.
CZ said he is generally in favor of more crypto-friendly banks. However, he himself has no interest in running a bank . He suggested that his previous comments may have been misinterpreted — he only meant that he wanted more crypto-friendly digital banks, not that he had any plans to start one himself.
