Social media platform X, formerly known as Twitter, has restricted the account of ex-Binance CEO Changpeng "CZ" Zhao. The platform hinted at a potential violation of X Rules, leaving users in the dark about the specific breach. On Nov. 23, users could access CZ's account only after acknowledging its "temporary restriction." This move followed Zhao's resignation from Binance on Nov. 21, linked to a $4.3 billion settlement with the U.S. Department of Justice, where he admitted guilt to a felony charge.
In a post-event update on Nov. 23, Zhao speculated that the platform's bot detection algorithm was flawed, attributing the restriction to his change from "CZ Binance" to "CZ BNB" in his profile name. He stated,
"The X bot detection algo needs some work, [Elon Musk]. It doesn’t detect the bad bots, and wrongly targets the real humans."
Uncertainty arises regarding CZ's future activity on the platform, known for his active presence. Despite stepping down, it remains unclear whether he will reduce his posts. Richard Teng, Binance's global head of regional markets, has assumed the leadership role, albeit with a more modest following of 231,600 compared to Zhao's 8.7 million.
The U.S. Department of Justice's settlement required CZ to pay $150 million as part of civil cases with regulators, coupled with a guilty plea to a felony count related to the lack of an effective Anti-Money Laundering program at Binance. The repercussions of this settlement and the impact on Zhao's online presence will unfold in the wake of these transformative developments.
Binance has not yet decided on its new global headquarters due to complexities like tax laws and talent acquisition challenges. Legal troubles, including Changpeng Zhao's legal issues and a $4.3 billion fine, have led Binance to restructure its leadership and adopt better governance strategies.
WeatherlyBitcoin has reached a new all-time high, surpassing $100,000, while CZ remains unaffected by the surge, holding onto the same amount of Bitcoin. Binance Coin (BNB) also hit a record high, but CZ’s focus remains on Bitcoin’s long-term value rather than its fluctuating price.
WeatherlyIndian authorities uncovered $97 million in unpaid GST from crypto exchanges, with Binance owing $85 million. The government is cracking down on tax evasion, while Binance faces mounting global challenges, including regulatory issues in multiple countries.
WeatherlyCZ’s recent Toy Story meme has sparked speculation about Binance’s future, with many linking it to potential BNB institutional adoption or a BNB-based ETF. Meanwhile, BNB’s price surged to a new all-time high of $776.80, reflecting its growing market influence as altcoins, including BNB, gain momentum.
WeatherlyThe FTX bankruptcy estate claims SBF’s $1.76 billion repurchase deal with Binance in July 2021 was a fraudulent transfer due to FTX’s insolvency. The lawsuit seeks to recover billions for FTX creditors, alleging the transaction was fraudulent.
KikyoFormer Binance CEO, CZ (real name Changpeng), told Bloomberg that he had received multiple offers from buyers who are willing to offer him a high price to buy his shares in Binance.
XingChiBinance and its former CEO, Changpeng Zhao, are pushing to dismiss the SEC’s amended complaint, arguing that the regulator’s approach to crypto lacks clarity and consistency. Binance claims the SEC's broad interpretation of crypto assets as securities is confusing and unfairly applied.
WeatherlyChangpeng Zhao, founder of Binance, made his first public appearance since his prison release at the Binance Blockchain Week in Dubai, discussing his reflections on his incarceration and future plans. He expressed a renewed appreciation for personal connections, a commitment to education, and intentions to invest in emerging sectors while remaining optimistic about the future of cryptocurrency.
JoyFormer Binance CEO CZ's first tweet after his prison release sparked attention, briefly mentioning future plans and enjoying freedom. BNB surged to a monthly high but quickly reversed, declining along with the broader crypto market.
KikyoBinance founder CZ will be released today, 27 September, two days ahead of schedule, due to his release date falling on a weekend. Will this trigger a rise in BNB’s price?
KikyoThe Apple Vision Pro excludes adult content due to Apple's policies, sparking user disappointment and efforts to find workarounds, despite technical limitations.
WeiliangDespite a viral claim suggesting Grok could access draft posts on Elon Musk's X platform, independent fact-checking reveals it to be satirical. Grok's limited capabilities focus on public posts, ensuring user privacy during the ongoing access rollout for X Premium+ subscribers.
Cheng YuanBugatti and adidas have joined forces to craft a limited edition masterpiece: the adidas X Crazyfast Bugatti football boot. These high-performance boots, designed with a profound emphasis on speed and innovation, will captivate sports enthusiasts and collectors alike.
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CoindeskOne natural response to the risks of builder centralization is to try to constrain the power that builders have.
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