Binance CEO Changpeng "CZ" Zhao has denied Bloomberg's estimate of his net worth, stating that the numbers are wrong and that he doesn't have anywhere near the amount estimated by Bloomberg. Bloomberg had estimated CZ's net worth at $28.2 billion and ranked him third in its "New Finance Rich List" of the top 25 financial leaders. Binance does not publish its financial data or disclose CZ's stake in the company. The US CFTC has sued Binance and CZ on allegations of helping customers evade trading restrictions and failing to implement effective compliance policies.
(By Varinder Singh)
All Comments