- 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! đŠ
No need to FUD. Everything is okay now. đ pic.twitter.com/IhkSTNwFvi
â CZ đ¶ BNB (@cz_binance) November 23, 2023