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