The $12.1 Billion Trump Effect: Binance’s Changpeng Zhao Cashes In Big
Reports disclosed that a former CEO of the world’s biggest crypto exchange increased his wealth by a massive amount in one day. This growth is attributed by analysts to the latest results of the US elections, which allowed Donald Trump to reclaim the US presidency. Related Reading: FTX Co-Founder Gary Wang Begs Judge For Freedom: […]
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Changpeng Zhao (CZ), the founder and former CEO of Binance, the world’s largest cryptocurrency exchange, has publicly refuted claims regarding potential investment discussions involving the Trump family and Binance’s American operations. This denial follows a report by the Wall Street Journal, which suggested that representatives of the Trump family have been in negotiations to acquire […]
According to a Polymarket poll titled “Who will Trump pardon in 2025,” Changpeng Zhao is the favored candidate for a presidential pardon, drawing 36% of bets on the decentralized prediction site. Related Reading: Hong Kong’s HashKey Pushes Into Digital Asset Treasury With $500M Fund Plan Polymarket Puts CZ Ahead Polymarket’s numbers show strong speculative interest […]
The estate of bankrupt crypto exchange FTX filed a lawsuit against Binance and its former CEO, Changpeng Zhao, for alleged fraudulent transfers and starting a campaign to “destroy” its competitor. The $1.8 billion legal action follows another 23 lawsuits filed last Friday to claw back part of the ill-spent funds. Related Reading: Cardano Founder Reveals […]
Binance CEO Changpeng Zhao is the biggest shareholder of Binance, with a net worth estimated at $8 billion in early 2021. Binance, the world’s largest cryptocurrency exchange, is reportedly in talks with sovereign global wealth funds to sell them a stake in the company.In addition to planned “mega funding” for its United States-based business Binance.US, Binance is now also seeking global funding to improve relationships with regulators, Binance CEO Changpeng Zhao said in a Tuesday interview with The Financial Times. According to Zhao, the upcoming funding is aimed to improve its....
Binance CEO Changpeng Zhao stated his take on the recent regulatory crackdown Binance is facing. In a blog post, Zhao explains Binance aims to comply with local regulations. However, he also stated cryptocurrency was a nascent industry, and there are a lot of uncertainties in the field. Binance has been getting a slew of warning from governments all over the world for failing to comply with specific regulations. Changpeng Zhao States Compliance Is a ‘Journey’ Changpeng Zhao, CEO of Binance, finally issued a statement on its take about the recent regulatory crackdown the....