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Home»TRADING NEWS»Former Binance CEO CZ’s X account has been restricted
TRADING NEWS

Former Binance CEO CZ’s X account has been restricted

By Crypto FlexsNovember 24, 20231 Min Read
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Former Binance CEO CZ’s X account has been restricted
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  • X (formerly Twitter) restricted the account of former Binance CEO Changpeng ‘CZ’ Zhao.
  • The Binance founder resigned Tuesday after pleading guilty to DOJ charges.

Binance founder and former CEO Changpeng ‘CZ’ Zhao’s X account has been restricted. It’s unclear why the former Binance CEO’s X (formerly Twitter) is being restricted, but the move comes as a surprise to many.

On Thursday, U.S. prosecutors wanted to block CZ from leaving the U.S. for the UAE, claiming he was a flight risk. This after he pleaded guilty to money laundering charges and was released on $175 million bail.

Binance will also pay a $4.3 billion fine in a settlement with the U.S. Department of Justice (DOJ).

After his resignation, CZ was replaced by Richard Teng, former head of Abu Dhabi Global Market in the UAE.

update:

CZ’s account restrictions were caused by several name changes, something he mentioned in the comments while urging people to speak out against FUD.

Happy Thanksgiving! 🦃

No need to FUD. Everything is okay now. 🙏 pic.twitter.com/IhkSTNwFvi

— CZ 🔶 BNB (@cz_binance) November 23, 2023


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