Breaking: Binance CEO CZ Unflollowed Elon Musk on Twitter
According to Twitter data, Binance CEO Changpeng Zhao(@cz_binance) has unfollowed Elon Musk(@elonmusk) on Twitter.
Will Binance Exit U.S. Next After Canada?
Binance, the world's largest cryptocurrency exchange, has announced its exit from the Canadian market due to new guidelines relating to stablecoins and investor limits. The move comes as Binance faces regulatory scrutiny in the US, with CEO Changpeng Zhao currently facing legal challenges for non-compliance with guidelines.
Binance US Founder CZ Reportedly Seeking to Reduce Stake Amid Regulatory Scrutiny
Binance US and its founder Changpeng Zhao are reportedly seeking ways to reduce his stake in the company due to intense scrutiny from US federal regulators over the past year. The Commodity Futures Trading Commission (CFTC) sued Binance and CZ in March for operating an "illegal" exchange with a "sham" compliance program.
Binance Moves 18 Tokens, Including AirDAO and OMG Network, into Innovation Zone
Binance, the world's largest cryptocurrency exchange, has announced that it will move 18 tokens, including AirDAO, BitShares, and OMG Network, into its Innovation Zone due to their higher volatility and risk. Binance CEO Changpeng Zhao has added an intermediate step in the process, stating that instead of direct delistings, "no-progress projects" will be moved to the innovation zone first.
Binance CEO Dismisses Concerns Over Bitcoin Withdrawal Pauses and Resumptions
Binance CEO Changpeng Zhao dismissed concerns over the exchange's temporary halting of bitcoin withdrawals, citing high transaction fees as the main reason. Some users were worried that the halts were due to billions of dollars of withdrawals, but Binance clarified that it was only moving bitcoin between its hot and cold wallets. Binance also increased fees for pending transactions to incentivize miners to prioritize them. The recent launch of the Ordinals protocol appears to be the main cause of Bitcoin network congestion and high fees.
Texas Regulators Issue Cease-and-Desist Order Against Promoter of Elon Musk AI Token and TruthGPT Coin Scam
Animated avatars and images of Elon Musk, Changpeng “CZ” Zhao, and Vitalik Buterin are being used to promote the two tokens.
“I Don't Have Anywhere Near As Much” — CZ Denies Having Enormous $28.2 Billion Net Worth
Binance’s CEO claims to be worth way less than what Bloomberg estimated. CZ pointed out that Bloomberg’s latest finance-rich list had inaccurate data about his crypto fortune. Per the publication’s list, the Binance boss’s net worth stands at a whopping $28.2 billion, ranking him the third richest finance billionaire in the world. Bloomberg also estimated Binance’s annual revenue at around $12 billion.
Binance CEO CZ Denies Bloomberg’s Reported Net Worth of $28.2 Billion, Says ‘Numbers All Wrong’
Bloomberg also estimated on April 5th that Binance's annual revenue exceeded $12 billion.
CZ Did Not Put FTX Out of Business, Says SkyBridge Capital Founder Anthony Scaramucci
SkyBridge Capital founder Anthony Scaramucci rejected the notion that Changpeng Zhao (CZ) – CEO of Binance – was responsible for the exchange’s failure, pinning the blame solely on former FTX boss Sam Banknman-Fried.
SBF Constantly Shaded CZ Before FTX Collapsed
Binance's Chief Strategy Officer, Patrick Hilmann, has accused Sam Bankman-Fried, the founder and former CEO of FTX, of consistently criticizing Binance's CEO Changpeng Zhao (CZ) before FTX's collapse. Hilmann called this behavior "shading" and alleged that SBF frequently spread fake rumors about CZ and referred to him as an "evil Chinese." Hilmann's tweet was based on a report by veteran business writer William Cohan, which included comments from financier Anthony Scaramucci.
