The greatest challenge that Binance faces today is that we (and every other offshore exchange) have been designated a criminal entity in China. Zhao has sued the Hong Kong publisher of Bloomberg Businessweek after a Chinese language version of an article allegedly depicted him as operating a shitcoin casino. The recent question from a Washington Post reporter led to allegations of Binance working with the Chinese government. It took only five years for Binance CEO and co-founder Changpeng Zhao to build his company, which launched in 2017, into the worlds biggest crypto exchange. Changpeng CZ Zhao, CEO of crypto exchange Binance, seems to be very unhappy with his portrayal by a major media outlet, as he is willing to go to court to fight against it. Despite these facts, some people insist on calling us a “Chinese company,” and in doing so, they don’t mean well.ĭescribing his journey as an immigrant from China to Canada at age 12 and the path that took him to become the CEO of Binance, CZ said his Chinese origin should not give people “free rein to cast aspersions” on him or the company. Our broader employee base is even more globally distributed. What’s been happening in Binance and the industry Interview: Binance CEO Changpeng Zhao (CZ) 29,929 views Streamed live on CZ needs little introduction - hes the CEO of Binance. Binance’s executive team is now more heavily dominated by Europeans and Americans. The Binance CEO said they operate like any globally distributed company with many subsidiaries and that Binance is not a Chinese company either legally or culturally. He explained that this was done in order to ease restrictions on businesses owned and run by foreigners, like himself, a Canadian citizen.īinance curtailed operations in China in 2017 and currently offers no services there. Twenty-three terabytes of data containing names, addresses, birthplaces, national IDs, phone numbers, and criminal case information was reportedly stolen from a police station database in Shanghai, China. He dismissed the ongoing rumors but added that Binance Labs had invested in Terra in 2018, a time when UST didn’t exist. Binance CEO Changpeng CZ Zhao sounded the alarm on a massive data leak of one billion Chinese residents that went up for sale on the dark web. CZ outright neglected this and stated that they hadn’t acquired any UST. Responding to questions in the media about Guangying Chen, a Chinese national at the time, CZ said that she was listed as the legal representative of an IT company, Bijie Tech, which he started in China two years before founding Binance. Certain rumors were spreading around that Binance had participated in LUNA’s second fundraising round. In the post, CZ decried recent attacks in the media and negative campaigns from competitors as conspiracy theories that are eroding trust in the industry. Binance CEO ChangPeng (CZ) Zhao published in a blog post details of the relationship between the world’s largest crypto exchange and Guangying (Heina) Chen, along with a history of connections to China.
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