“I’m a small entrepreneur,” he told AFP earlier this year when comparing himself to Elon Musk, adding for good measure that he was just a “normal guy” in comparison to the world’s richest man. READ:
Paris, France—At parties, on stages, and in meetings, Changpeng Zhao is rarely seen without his black polo shirt, emblazoned with the insignia of his crypto firm Binance.The look is vital to the myth of Zhao, the boy from rural China who once flipped burgers for a living in Canada but now has a personal fortune of $17 billion, according to Forbes.
Hyperactive on social media, popping up at every possible tech conference and rarely out of TV studios, he expanded his reach even further recently by shoveling $500 million to Musk to buy Twitter.His cryptocurrency exchange has been repeatedly accused of facilitating money laundering and sanctions busting—claims it denies —and last month it was hacked for around $100 million.
Zhao’s nomadic childhood informed his adult life, which has seen him crop up everywhere from New York to Tokyo. He often says he “favors good regulation over bad” and dismisses the idea of a company needing headquarters as a “complex issue” before swiftly changing the subject. Zhao has feuded openly with journalists over the claims—accusing outlets including Reuters of peddling fake news.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Crypto exchange Binance to buy rival FTX in apparent bailout - BusinessMirrorThe cryptocurrency exchange Binance said it plans to buy its rival FTX Trading, in the latest example of how fortunes can change rapidly in the crypto world. Binance CEO Changpeng Zhao said on Twitter Tuesday that his company had signed a letter of intent to buy FTX because the smaller exchange was experiencing a “significant
Read more »
Crypto exchange Binance to buy rival FTX in apparent bailout - BusinessMirrorThe cryptocurrency exchange Binance said it plans to buy its rival FTX Trading, in the latest example of how fortunes can change rapidly in the crypto world. Binance CEO Changpeng Zhao said on Twitter Tuesday that his company had signed a letter of intent to buy FTX because the smaller exchange was experiencing a “significant
Read more »
Behind crypto exchange FTX's fall, battling billionaires and a failed bid to save crypto'I’m sorry...I fucked up,' FTX owner Sam Bankman-Fried tells his employees as the crypto exchange collapses from a liquidity crisis.
Read more »
Crypto’s FTX CEO looking at all options as Binance deal collapses - BusinessWorld OnlineNEW YORK — FTX Chief Executive Officer Sam Bankman-Fried told employees he was exploring all options for his firm after a deal with cryptocurrency exchange Binance collapsed on Wednesday.
Read more »
Cryptocurrencies plunge as Binance scraps deal for rival FTX - BusinessMirrorFTX is the latest cryptocurrency company this year to come under financial pressure as crypto assets have collapsed in value. Other failures include Celsius, a bank-like company that took in crypto deposits in exchange for yield, as well as an Asia-based hedge fund known as Three Arrows Capital.
Read more »
Behind FTX’s fall, battling billionaires and a failed bid to save cryptoThe seeds of FTX’s downfall were sown months earlier, stemming from mistakes Bankman-Fried made after he stepped in to save other crypto firms as the crypto market collapsed amid rising interest rates. | Reuters
Read more »