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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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....
CZ signaled that he isn’t interested in an offer from Alameda to buy out Binance’s FTX Tokens saying they’d rather “stay in the free market.” Changpeng “CZ” Zhao, CEO of cryptocurrency exchange Binance, appears disinterested in Alameda Research’s offer to buy out the crypto exchange’s FTX Token (FTT) holdings.Zhao responded to a question on Nov. 7 on Twitter asking if he would take up the offer by Alameda Research CEO Caroline Ellison to buy Binance’s FTT holdings for $22 per token. Zhao said: “I think we will stay in the free market.”The offer from Ellison came after Zhao said Binance....
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....
The original title of Changpeng Zhao’s profile was “Crypto’s richest rebel goes legit.” Then, for the online version, it became the hilariously long “He became as rich as Mark Zuckerberg virtually overnight. How Binance founder ‘C.Z.’ Zhao became a $74 billion man while moving fast and breaking things in crypto.” It’s an interesting article, because […]