#changpeng zhao net worth

[changpengzhaoprisontime]

Changpeng Zhao's Unfounded Prison Time Rumors - Separating Factual from Fiction

Changpeng Zhao - also called CZ - is an influential figure in the crypto world. As the founder and CEO Binance, he's one of most powerful and largest cryptocurrency exchanges. The rumor-mill has recently been buzzing with speculations that changpeng zhao prison time. In this article we will analyze these claims and determine their credibility, as well as discuss any potential impacts on Binance or the larger crypto community.

Rumors and their origins

Rumors about Changpeng Zhao’s prison sentence are fueled by unfounded reports. These rumors can be about financial misdeeds or regulatory violations. But it is best to take them with a healthy amount of skepticism. It is no secret that cryptocurrency markets can be volatile. Rumors are spread fast, but often with little basis in fact.

Binance's Response:

Binance acted quickly to dispel these rumors. They vehemently rejected any allegations of legal or regulatory violations on Changpeng Zhou's or the exchange's behalf. Binance reaffirmed its commitment to conformity with global standards of regulation and highlighted the measures taken by Binance to enhance transparency and user security. Binance implemented Know Your Customer procedures and anti-money laundering (AML), to provide a compliant, secure trading environment.

Cryptocurrency Industry: Regulatory challenges

Governments are increasingly regulating the rapidly-evolving cryptocurrency space. Binance as a leader in the crypto industry hasn't been exempt from regulation challenges. Some countries have taken action or issued warnings against the exchange because it was operating without the proper licenses, or not complying with the local regulations.

In order to avoid confusion, it's important to make a distinction between legal challenges facing an exchange and those affecting individuals connected with the platform. While regulatory scrutiny could impact an exchange’s operations, the allegations made against Changpeng Zhao would require proper legal proceedings and concrete evidence.

Market Reaction

Markets are sensitive to breaking news about cryptocurrency, especially if it concerns influential individuals or major exchanges. Binance Coin BNB, Binance's native currency, was affected by the news surrounding Changpeng Zhao. Market reactions, however, are usually driven by emotions and may be of a speculative character.

The latest information is that there are no solid facts to back up the rumors about Changpeng Zhao being sent to jail. For the cryptocurrency community as well the general public, it's important to wait official statements by relevant authorities and legal proceedings before making any conclusions.

In a fast-evolving industry such as cryptocurrency, rumors and suspicions are part of the game. But responsible reporting is crucial in order to avoid the spread misinformation, and also to protect individuals and firms from being unfairly targeted. The community of cryptocurrency should remain informed about the current situation through reliable sources. They must also be careful when reacting unsubstantiated statements. A level-headed perspective will enable you to understand Binance, the crypto industry and other potential effects of this situation better in the absence of any clear evidence.

[bitcoinversus]

Binance Founder CZ Earned $25 Million Daily While Incarcerated

Changpeng Zhao, widely known as CZ and the former CEO of Binance, reportedly experienced a significant increase in his wealth during his four-month incarceration. An analysis by Forbes suggests CZ’s net worth surged by $3 billion, equating to approximately $25 million gained per day while in prison. BIG BREAKING 🚨 Binance Founder CZ Made $25M Per Day While in Prison in 4 months…

[cryptoshake]

Changpeng Zhao Net Worth 2023 | How rich is Changpeng Zhao?

Changpeng Zhao, commonly known as “CZ“, is a Chinese Canadian business executive. Zhao is the co-founder and CEO of Binance, the world’s largest cryptocurrency exchange by trading volume as of July 2022.

Changpeng Zhao now has an Estimated net worth of 4.5 billion USD.

[mariacallous]

Trillions of domestic phone records in the United States are tracked every year under a secretive surveillance operation, WIRED revealed this week. The Data Analytical Services program, which was previously known as Hemisphere, allows cops to request and analyze the phone records of people and others who they communicate with, including those not suspected of crimes. The surveillance system is run by the White House, with telecom firm AT&T providing phone records in response to law enforcement requests.

The crypto world kept tumbling this week. After Sam Bankman-Fried was found guilty at the start of this month, it was the turn of crypto exchange Binance and its CEO Changpeng Zhao to face scrutiny from US officials. The US Department of Justice unsealed an indictment against the company, which accuses it of violating US anti-money-laundering laws and of enabling Iran, Cuba, and Russia to launder dirty money.

If you’re in the US and have some extra time over the long holiday weekend, it’s also worth catching up on Andy Greenberg’s epic tale of the three young hackers twho brought down the internet with the Mirai botnet—and their story of redemption. Then it’s definitely time to log off.

That’s not all. Each week, we round up the security and privacy stories we didn’t report on in depth ourselves. Click the headlines to read the full stories, and stay safe out there.

Google Ups Its Ad Blocker Crackdown

Google makes most of its money from advertising—and it doesn’t like ad blockers, which prevent millions of ads being shown on websites every day. In recent months, the company has been cracking down on ad blockers on YouTube in a big way. But that’s just the start of it.

This week YouTube confirmed it has, in some instances, introduced a five-second delay before videos load if people are using an ad blocker in their browser. “In the past week, users using ad blockers may have experienced suboptimal viewing, which included delays in loading, regardless of the browser they are using,” a YouTube spokesperson told The Verge. The company admitted the delays had been happening after some people on Reddit and Hacker News spotted slow loading times and initially thought it was because of the browser they were using.

The move follows Google announcing last week that it is going ahead with plans to change how Chrome browser extensions operate, which may limit how some popular ad blockers work. Last year the company paused its plans to roll out Manifest V3, the platform that browser extensions work on, after complaints about how it would impact some extensions. As Ars Technica reported, Google is planning on rolling out a revised version of Manifest V3 in June next year. Google says Manifest V3 is designed to make Chrome run smoothly by reducing the resources that extensions can use and improve security. However ad blockers and privacy experts have criticized how the system works and, in particular, changes to the Declarative Net Request API.

Google proposed putting restrictions on this API but has relaxed these somewhat in the new version of Manifest V3. It originally planned to allow browser extensions to make 5,000 content-filtering “rules,” but it has now increased this to 30,000 rules. AdGuard, an ad blocker, has tentatively welcomed some of the revised changes. Elsewhere, uBlock Origin, which uses around 300,000 filtering rules, has created a “lite” version of its extension in response to Manifest V3. The developer behind uBlock Origin says the lite version is not as “capable” as the full version. Meanwhile, browser makers Brave and Firefox say they are introducing work-arounds to stop ad blockers from being impacted by the changes.

North Korea Is Increasingly Launching Supply Chain Attacks

Supply chain attacks, where malware is implanted in a company's legitimate software and spread to the firm's customers, can be incredibly hard to detect and can cause billions of dollars in damage if they’re successful. Hackers for North Korea are increasingly adopting the sophisticated attack method.

This week Microsoft revealed it has discovered the hermit kingdom’s hackers implanting malicious code inside an installer file for photo and video editing software CyberLink. The installer file used legitimate code from CyberLink and was hosted on the company's servers, obscuring the malicious file it contained. Once installed, Microsoft said, the malicious file would deploy a second payload. More than 100 devices have been impacted by the attack, Microsoft says, and it has attributed the attack to the North Korea-based Diamond Sleet hacking group.

After details of the attack were revealed, the UK’s National Cyber Security Centre and the Republic of Korea’s National Intelligence Service issued a warning saying that North Korea’s supply chain attacks are “growing in sophistication and volume.” The two bodies say the tactics support North Korea’s wider priorities, such as stealing money to help fund its ailing economy and nuclear programs, espionage, and stealing tech secrets.

Planes Are Being Disrupted by GPS Spoofing and Electronic Warfare

Some flights have had to change course or lost satellite signals in midair due to electronic warfare, The New York Times reported this week. The ongoing conflicts in Ukraine and Gaza have seen GPS jamming and spoofing technologies interfere with the daily operation of flights in and around the areas. The incidents, so far, have not been dangerous. But they highlight the increase in electronic warfare capabilities—which seek to interrupt or disrupt the technologies used for communications and infrastructure—and how the technology needed to launch them is getting cheaper. Since Russia’s full-scale invasion of Ukraine in February 2022, electronic warfare tactics have become increasingly common on both sides, as drones being used for surveillance and reconnaissance have had their signals interrupted and rockets have been sent off course.

Russian USB Worm Spreads Beyond Ukraine’s Borders

Gamaredon is one of Russia’s most brazen hacking groups—the hackers have consistently attacked Ukrainian systems. Now one piece of its malware, a worm that spreads via USB stick and is dubbed LitterDrifter, has spread internationally. The worm has been spotted in the US, Hong Kong, Germany, Poland, and Vietnam, according to researchers at security firm Check Point. The company’s researchers say the worm includes two elements: a spreading module and a second module that also communicates with Gamaredon’s servers. “It’s clear that LitterDrifter was designed to support a large-scale collection operation,” the Check Point researchers write, adding that it’s likely the worm has “spread beyond its intended targets.”

[sageglobalresponse]

Full list of Forbes’ 25 world billionaires in 2023

American business magazine, Forbes, in its 2023 list of 25 richest people in the world, featured Bernard Arnault on the No. 1 spot, followed by Twitter Chief Executive Officer, Elon Musk.

In its previous list in 2022, Musk was on the No. 1 spot.

Forbes described the drop of Musk from the top spot as ” this year’s second-biggest loser”, adding that “Elon Musk, had it worse.”

For Jeff Bezos, fortune knocked him from number. 2 in the world in 2022 to No. 3 this year as Amazon shares crashed by 38 per cent.

So This Happened (202) Reviews Lagos Bizman’s Arraignment Over Wife’s Death, Others | Punch

Musk lost his title of the world’s richest person after his pricey purchase of Twitter, which he funded in part by the sale of Tesla shares, helping to spook investors. Musk, who is worth $39 billion less than a year ago, is now No. 2.

For Jeff Bezos, fortune knocked him from number. 2 in the world in 2022 to No. 3 this year as Amazon shares crashed by 38 per cent.

Also, among the top 25, two billionaires — Zhang Yiming, Changpeng Zhao lost their spots and were unable to make it on the list for this year.

Yiming, the founder of Tik Tok-parent Bytedance, dropped one place, from No. 25 to No. 26, as his embattled company has taken a haircut from investors while Zhao, Binance founder, known as CZ, fell from No. 19 last year all the way to No. 167 amid the crypto winter.

Below are the list of Forbes 25 richest people in the world in 2023 with their net worth

1. Bernard Arnault & family

(Net worth: $211 Billion | Source of Wealth: LVMH | Age: 74 | Citizenship: France)

2. Elon Musk

(Net worth: $180 Billion | Source of Wealth: Tesla, SpaceX | Age: 51 | Citizenship: U.S.)

3. Jeff Bezos

(Net worth: $114 Billion | Source of Wealth: Amazon | Age: 59 | Citizenship: U.S.)

4. Larry Ellison

(Net worth: $107 Billion | Source of Wealth: Oracle | Age: 78 | Citizenship: U.S.)

5. Warren Buffett

(Net worth: $106 Billion | Source of Wealth: Berkshire Hathaway | Age: 92 | Citizenship: U.S.)

6. Bill Gates

(Net worth: $104 Billion | Source of Wealth: Microsoft | Age: 67 | Citizenship: U.S.)

7. Michael Bloomberg

(Net worth: $94.5 Billion | Source of Wealth: Bloomberg LP | Age:81

8. Carlos Slim Helú & family

(Net worth: $93 Billion | Source of Wealth: Telecom | Age: 83 | Citizenship: Mexico)

9. Mukesh Ambani

(Net worth: $83.4 Billion | Source of Wealth: Diversified| Age: 65 | Citizenship: India)

10. Steve Ballmer

(Net worth: $80.7 Billion | Source of Wealth: Microsoft | Age: 67 | Citizenship: U.S.)

11. Françoise Bettencourt Meyers & family

(Net worth: $80.5 Billion | Source of Wealth: L’Oréal | Age: 69 | Citizenship: France)

12. Larry Page

(Net worth: $79.2 Billion | Source of Wealth: Google | Age: 50 | Citizenship: U.S.)

13. Amancio Ortega

(Net worth: $77.3 Billion | Source of Wealth: Zara | Age: 87 | Citizenship: Spain)

14. Sergey Brin

(Net worth: $76 Billion | Source of Wealth: Google | Age: 49 | Citizenship: U.S.)

15. Zhong Shanshan

(Net worth: $68 Billion | Source of Wealth: Beverages, pharmaceuticals | Age: 68 | Citizenship: China)

16. Mark Zuckerberg

(Net worth: $64.4 Billion | Source of Wealth: Facebook | Age: 38 | Citizenship: U.S.)

17. Charles Koch

(Net worth: $59 Billion | Source of Wealth: Koch Industries | Age: 87 | Citizenship: U.S.)

18. Julia Koch & family

(Net worth: $59 Billion | Source of Wealth: Koch Industries | Age: 60 | Citizenship: U.S.)

19. Jim Walton

(Net worth: $58.8 Billion | Source of Wealth: Walmart | Age: 74 | Citizenship: U.S.)

20. Rob Walton

(Net worth: $57.6 Billion | Source of Wealth: Walmart | Age: 78 | Citizenship: U.S.)

21. Alice Walton

(Net worth: $56.7 Billion | Source of Wealth: Walmart | Age: 73 | Citizenship: U.S.)

22. David Thomson & family

(Net worth: $54.4 Billion | Source of Wealth: Media | Age: 65 | Citizenship: Canada)

23. Michael Dell

(Net worth: $50.1 Billion | Source of Wealth: Dell Technologies | Age: 58 | Citizenship: U.S.)

24. Gautam Adani

(Net worth: $47.2 Billion | Source of Wealth: Infrastructure, commodities | Age: 60 | Citizenship: India)

25. Phil Knight & family

(Net worth: $45.1 Billion | Source of Wealth: Nike | Age: 85 | Citizenship: U.S.)

[digicloudm]

Bitcoin and Binance token dip slightly as CZ is released

Binance founder Changpeng Zhao was released early from custody on Sept. 27, and the price of Bitcoin (BTC) and Binance’s BNB (BNB) token dipped slightly since the start of the trading day. According to a previous Forbes report, Zhao holds 64% of the total BNB supply, placing the entrepreneur’s net worth around $61 billion in June 2024 and making him the 24th richest person in the world at the…

[usa-journal]

Changpeng Zhao

Changpeng “CZ” Zhao is the Founder and Chief Executive Officer of Binance, the largest cryptocurrency exchange in the world by volume. Prior to Binance, he developed futures trading software for Bloomberg Tradebook. In 2005, he founded a trading system for brokers known as Fusion Systems, and in 2013 he briefly served as Chief Technology Officer for OKCoin. In 2015 he created BijieTech, which provided cloud-based trading technology to several Asian exchanges; and two years later, when he founded Binance, he filled many of the senior positions with BijieTech senior developers and engineers.

In 2021, Binance saw its share of spot-market crypto trading volumes increase to 69%, up from 49% the previous year, and earned an estimated $14.6 billion in trading fees. As of April 5, 2022, Zhao is the 19th richest person in the world, with a net worth of $65 billion. In a November 2021 interview, he said he plans to donate up to 99% of his wealth. He majored in Computer Science at McGill University.

[yes-justice-seeking]

Elon Musk and the CCP: A Forbidden Topic Worthy of Discussion

Many thanks to dear Mr. Dean Baxendale who helped me to edit and polish the text!

It goes without saying that Elon Musk's immense wealth and success are recognized globally. The CCP has long been aware of this and has employed its notoriously effective coercive tactics on him: they approached him, did him significant favors, and then leveraged his business and influential presence to gain an upper hand globally, from economics and politics to ideology, through Elon Musk. Since 2016, young working individuals in China have been coerced into accepting the reality of long working hours, contrary to China's Labor Law. The 996 working schedule (from 9 am to 9 pm, 6 days a week) has become routine.

"https://zh.wikipedia.org/wiki/996%E5%B7%A5%E4%BD%9C%E5%88%B6"

Elon Musk quickly adopted this work ethic.

"https://www.bbc.com/news/business-63648505"

After Russia's invasion of Ukraine and the subsequent revelation of the CCP's collusion with Russia, Musk openly supported the Russia-China alliance.

When the CCP threatened Taiwan with military force, Musk publicly sided with the CCP.

“https://twitter.com/MOFA_Taiwan/status/1659189387589226496”

Regarding the significant favor the CCP has done for Musk, even Steve Bannon acknowledged that it was the CCP who funded Musk's acquisition of Twitter, transforming the platform into a mouthpiece for the CCP on numerous critical issues.

"https://twitter.com/amaroseni/status/1590009059742453760"

In 2022, Investopedia reported that Binance, the largest cryptocurrency exchange corporation founded by Chinese-born Canadian Changpeng Zhao, invested $500 million in Musk's Twitter acquisition.

"https://www.investopedia.com/binance-invests-in-twitter-6822895"

Given Binance's origins in China, it's worth noting Desmond Shum's observation and those familiar with China's elite political and economic circles: success in China requires forming beneficial relationships with high-ranking CCP officials and engaging in quid pro quo dealings. Binance has notably partnered with a state-owned enterprise in China, serving the CCP's Belt and Road Initiative.

I would like to emphasize that when a Chinese business becomes big enough to take a role in the CCP's expansion plan like the Belt and Road, the CCP will ensure its control over the business and make every business activity complying with the CCP's agenda.

"https://en.wikipedia.org/wiki/Binance"

"https://www.scmp.com/tech/tech-leaders-and-founders/article/3093903/covid-19-net-positive-cryptocurrencies-performance"

In November 2023, Binance's CEO, Changpeng Zhao, pleaded guilty to 13 charges brought by the US SEC.

Another major financier of Musk's Twitter acquisition was Sequoia Capital/红杉资本. Despite its American origins, underestimating the CCP's influence would be a mistake.

"https://techcrunch.com/2022/05/05/sequoia-binance-and-fidelity-back-elon-musks-bid-for-twitter/"

In 2019, Sequoia was acclaimed as the top unicorn investor by the Hurun Research Institute.

"https://en.wikipedia.org/wiki/Sequoia_Capital"

Who's Hurun? Rupert Hoogewerf, also known as his Chinese name Hurun/胡润, born in Luxembourg but completed his university education in China. He is an example of how individuals can serve the CCP's global infiltration efforts.

"https://en.wikipedia.org/wiki/Rupert_Hoogewerf"

Sequoia Capital's connections to the CCP can be traced back to the 1990s, when Neil Shen/沈南鹏 who later founded Sequoia China met with Wang Xisha, daughter of Wang Yang/汪洋. Wang Yang is former vice premier of China. Building a tie with a high ranking family of the CCP was a good start for Neil Shen. He founded Sequoia China in 2005 and is now a successful businessman in China and a member of the 13th National Committee of the Chinese People's Political Consultative Conference. One of his achievements is Sequoia Capital's investment in ByteDance, Parent company of TikTok which poses a public opinion influence threat in the US.

Interestingly, details of Shen's relationships are more extensively covered in the Mandarin version of his Wikipedia page, possibly to evade Western intelligence surveillance.

"https://zh.wikipedia.org/wiki/%E6%B2%88%E5%8D%97%E9%B9%8F"

On November 23, 2020, Neil Shen gave a speech on the theme of "the Huge Advantages of the Digital Economy Will Appear in the Next Five Years".

"http://www.ccg.org.cn/archives/61477"

Take the highlighted digital economy in his speech, together with Binance's top role in the cryptocurrency industry, it suggests the CCP's interest in leveraging digital currency for global financial dominance. It's not a guess, Di Dongsheng, who serves for China's think tank, made it clear: the goal of the BRIC currency led by the CCP is to take over the US dollar system.

"https://rumble.com/v3kk32v-is-the-ccp-bankrupted-how.html"

Some might question why CCP domination is concerning. Musk himself may have a bitter story to tell. Many of us still remember Musk's enthusiastic participation in the Tesla China-made Model 3 Delivery Ceremony in 2020. China made a big offer to Tesla to open a factory in China, with one condition: all of Tesla's supply chain must be in China.

"https://www.youtube.com/watch?v=U0sJJU3FaOQ"

4 years after, facing many copycats competitors in China, Elon Musk waked up:

"https://www.cnbc.com/2024/01/25/elon-musk-says-chinese-ev-makers-will-demolish-other-companies.html"

The media interpreted what Elon Musk said as "praise on Chinese EV makers", but Taiwan audience knew how bitter Elon Musk's remark is.

"https://twitter.com/expose_ccp2023V/status/1775535999340159168"

"https://www.youtube.com/watch?v=amSFqiWiBH8"

While it's maybe harsh to label Musk as overly influenced by the CCP, it's evident that the CCP's strategies have effectively ensnared him. As a successful businessman, Elon Musk can probably make a deal on anything, or sell anything. The CCP's "Tao-Yang-Sha/套养杀" scam (attract targets with small profit, trap them and finally kill them) is designed for such people.

If you think this is just a strategy of learning from and then surpassing former mentors, you are too kind. Please note that the word that Elon Musk used to describe the intention of the Chinese competitors is "demolish". It corresponds to what Di Dongsheng said about the CCP's strategy: "to destroy the opponent who was once our teacher and friend" (video below from 4:07).

"https://rumble.com/v3kk32v-is-the-ccp-bankrupted-how.html"

Elon Musk recently talked about his concern about the Technological Singularity which is "a time when technological evolution gives rise to the appearance of machines more intelligent than humans."

"https://www.thestreet.com/technology/elon-musk-calls-for-action-against-an-imminent-ai-threat#:~:text=For%20Musk%2C%20CEO%20of%20Tesla,machines%20more%20intelligent%20than%20humans."

The report also mentioned Elon Musk's warning that AI is "potentially more dangerous than nukes".

(The following are my thoughts in my words)

As a former computer engineer, I believe that any software engineering project has a "in case" design to make sure a software product is under control. It's like a backdoor clause that lawyers put in a contract to protect a party's best interests in an exceptional case.

My concern about Elon Musk's remarks on the Technological Singularity and on the AI's potential threats is whether or not he is again sending messages on behalf of the CCP.

Based on my observation on a CCP agent-like circle on the Internet, when the CCP carries out a complex plan, the first step is to spread messages/rumors through influencers who have high credit. These messages/rumors will make people to believe that something will likely and "naturally" happen when instead it is in their premeditation. In order to convince people, the messages are usually based on facts but carefully chosen and processed by "public opinion guides/舆论引导员" with their trained language art.

The first step is so important that the entire operation/warfare depends on it: whether the majority of people can be fooled or not? Will people be led to believe a premeditation as a natural accident/disaster?

The idea of the CCP's military work "Unrestricted Warfare" is to exploit target's existing flaws, loopholes, or bad habits and stage an "natural accident/disaster" but in fact an operation or warfare. There is a lot to learn from COVID19 Pandemic.

(To be updated)

[ailtrahq]

Binance, once the dominant force in the cryptocurrency exchange space, has experienced a seven-month decline in its spot market share, which now stands at just 34%, according to CCData, as reported by Bloomberg. Since August, Binance has seen withdrawals totaling around $12,230 BTC, or $330 million, and around 198,200 Ethereum (ETH), or $323 million. Bitcoin constitutes nearly half the $1 trillion crypto industry, while Ether accounts for about 20%.However, as per K33 research, Binance’s trading volumes have also plummeted, with a 57% decline in the 7-day average trading volume for Bitcoin since the beginning of September. In contrast, other exchanges, including U.S.-based Coinbase, have maintained more stable volumes, with Coinbase experiencing a 9% increase over the same period. Factors Behind Binance’s DeclineSeveral factors have contributed to this decline. Binance’s move to offer zero-fee trading for major cryptocurrencies like Bitcoin and Ethereum to attract more users and boost trading volumes initially helped the exchange. However, it has since lost its appeal as these promotions ended. This shift has led some users to explore alternative platforms.Binance’s Legal portions have further exacerbated Binance’s troubles. The CEO, Changpeng Zhao (CZ), faces potential criminal charges from the U.S. Justice Department, and the company has witnessed high-profile executive departures and significant layoffs, causing concerns about its future market position. Cryptocurrency Market’s Future TrajectoryBut not all are against Binance; recently, Changpeng Zhao’s optimistic statements about the success of his Initial Coin Offering (ICO) garnered positive attention. The tokens, initially valued at 15 cents each, are now trading at $213, having reached as high as $675 in 2021.Currently, the BNB coin ranks as the fourth-most valuable digital asset globally, with a market worth of $33 billion. According to Forbes, Zhao’s net worth is estimated at $10 billion, but this calculation is based on the value of his business interests. It does not include the substantial amount of BNB he likely controls. So we can say Binance is still in the race despite a 0.87% drop in trading volume; Binance leads with $188.20 billion and 50.79% market share. Whereas the top 8 platforms controlled 91.7% of market depth and 89.5% of trading volume.Still, cryptocurrency-related happenings will determine the crypto market’s future growth trajectory. The market has become dominated by news of the introduction of bitcoin ETFs and the selling pressure of insolvent corporations and the US government. !function(f,b,e,v,n,t,s) if(f.fbq)return;n=f.fbq=function()n.callMethod? n.callMethod.apply(n,arguments):n.queue.push(arguments); if(!f._fbq)f._fbq=n;n.push=n;n.loaded=!0;n.version='2.0'; n.queue=[];t=b.createElement(e);t.async=!0; t.src=v;s=b.getElementsByTagName(e)[0]; s.parentNode.insertBefore(t,s)(window,document,'script', ' fbq('init', '887971145773722'); fbq('track', 'PageView');

[cryptocurrencyideas]

Changpeng ‘CZ’ Zhao and Brian Armstrong see $2 billion wiped from combined net worth | Fortune

[todaynowreport]

SEC lawsuits squeeze net worths of Coinbase and Binance CEOs

The net worths of Coinbase CEO Brian Armstrong and Binance CEO Changpeng Zhao (CZ) have suffered heavy blows due to recent lawsuits by the United States securities regulator. Armstrong’s net worth was slashed by $289 million and Zhao’s by $1.33 billion within a span of 30 hours after the Securities Exchange Commission (SEC) sued Binance on June 5 and then Coinbase on June 6, according to data…

[all-about-news24x7]

SEC lawsuits squeeze net worths of Coinbase and Binance CEOs

The net worths of Coinbase CEO Brian Armstrong and Binance CEO Changpeng Zhao (CZ) have suffered heavy blows due to recent lawsuits by the United States securities regulator. Armstrong’s net worth was slashed by $289 million and Zhao’s by $1.33 billion within a span of 30 hours after the Securities Exchange Commission (SEC) sued Binance on June 5 and then Coinbase on June 6, according to data…

[bitcoinversus]

Prison Guard Consulted with CZ on Crypto Strategy During Incarceration

In a remarkable turn of events, Changpeng Zhao, known as CZ, the founder of Binance, has returned to the public eye after serving a four-month sentence in a U.S. federal prison for Anti-Money Laundering (AML) violations. Released on September 27, CZ’s brief incarceration marks him as the wealthiest person ever to serve time in a U.S. prison, with a reported net worth of approximately $60…

[trendsnitch]

SEC lawsuits squeeze net worths of Coinbase and Binance CEOs

The net worths of Coinbase CEO Brian Armstrong and Binance CEO Changpeng Zhao (CZ) have suffered heavy blows due to recent lawsuits by the United States securities regulator. Armstrong’s net worth was slashed by $289 million and Zhao’s by $1.33 billion within a span of 30 hours after the Securities Exchange Commission (SEC) sued Binance on June 5 and then Coinbase on June 6, according to data…

[etiennekissborlase]

Binance CEO Denies As Wrong His Inclusion In Bloombergs Wealthiest People List

Binance CEO Denies As ��Wrong’ His Inclusion In Bloomberg’s Wealthiest People List https://bitcoinist.com/binance-ceo-bloombergs-rich-list-fake/ Binance CEO Changpeng Zhao is facing the challenging task of dispelling rumors about his wealth, as the crypto sphere is renowned for producing a multitude of billionaires. As per a report by Bloomberg, it appears that ‘CZ’ is no different. Although Binance does not publicly disclose any financial reports regarding the billionaire’s stake and the company’s revenues, Bloomberg conducted its own analysis and concluded that CZ’s net worth is approximately $28.2 billion, placing him in the 3rd spot on their list of the top 25 wealthiest individuals. And while most individuals on the list would be proud, CZ appears to have been taken aback by the figures, and slammed Bloomberg for its alleged false narrative. Binance Boss Denies Bloomberg’s Data, FTX Rivalry In response to a report by Bloomberg claiming that the crypto exchange big boss’ net worth puts him among the top tycoons in the crypto industry, CZ took to Twitter to set the record straight. He denied the accuracy of Bloomberg’s data, including his personal wealth and Binance’s annual revenue, stating that they are “all wrong.” 4 Numbers all wrong. I don’t have anywhere near as much. Don’t know why they do this. Also, never viewed FTX as a rival. We welcome more (well run) exchanges in the space. pic.twitter.com/xfa31RZp7t — CZ Binance (@cz_binance) April 27, 2023 CZ also addressed the rumored rivalry between Binance and FTX, stating that FTX was never seen as a competitor. He emphasized that the company welcomes other well-run exchanges in the space, indicating a collaborative rather than a competitive mindset. The Binance chief executive’s tweet is worth noting as it incorporates the number “4,” a symbol he previously used to represent his determination to overlook fear, uncertainty, doubt (FUD), fake news, and attacks. He shared this tweet amidst a prolonged period of criticism, primarily concerning rumors of the company’s insolvency. Will try to keep 2023 simple. Spend more time on less things. Do’s and Don’ts. 1. Education 2. Compliance 3. Product & Service 4. Ignore FUD, fake news, attacks, etc. In the future, would appreciate if you can link to this post when I tweet “4”. — CZ Binance (@cz_binance) January 2, 2023 Industry Potential Despite Regulatory Scrutiny According to the “New Finance Rich List” published by Bloomberg, CZ was ranked third among the 25 leading financial figures, with an estimated net worth of $28.2 billion. The list also included Citadel CEO Ken Griffin and trader Jeffrey Yassa. Additionally, Bloomberg estimated Binance’s annual revenue to be approximately $12 billion. However, the report also mentioned the increased regulatory scrutiny that the crypto industry is facing, particularly following the collapse of FTX, which is considered to be one of Binance’s rivals. The US Commodity Futures Trading Commission (CFTC) has sued FTX over allegations of operating an illegal exchange. CZ’s recent tweet refuting Bloomberg’s data on his net worth and Binance’s revenue suggests that the crypto industry continues to be plagued by rumors and speculation. But he Bloomberg report highlights the growing significance of the crypto industry and the emergence of new financial leaders.  While regulatory challenges persist, it is clear that the industry’s potential for growth and innovation is undeniable. -Featured image from Bloomberg via Bitcoinist.com https://bitcoinist.com April 27, 2023 at 04:00PM

[cryptotalemedia]

Bloomberg Claims Changpeng Zhao Worth $28.2 Billion, He Denies

Bloomberg Claims Changpeng Zhao Worth $28.2 Billion, He Denies #CryptoTale #CryptoNews #Crypto #Blockchain

Binance CEO Changpeng Zhao, also known as CZ recently featured on Bloomberg’s list of “25 financial titans,” highlighting individuals who accumulated wealth through computer-driven trading companies. Bloomberg estimated CZ’s net worth at $28.2 billion, attributing most of his fortune to his cryptocurrency exchange, Binance.  Created in 2017, Binance is currently the world’s largest crypto…