Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
Crypto Flexs
Home»BLOCKCHAIN NEWS»Social media site X restricts access to Changpeng Zhao’s account.
BLOCKCHAIN NEWS

Social media site X restricts access to Changpeng Zhao’s account.

By Crypto FlexsNovember 25, 20233 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Social media site X restricts access to Changpeng Zhao’s account.
Share
Facebook Twitter LinkedIn Pinterest Email

Unexpected restrictions on Changpeng Zhao’s user account

CZao Changpeng “CZ” Zhao, the former CEO of cryptocurrency exchange Binance, has had his account temporarily blocked on social media site X, formerly known as Twitter. Users had to accept that Zhao’s account was “temporarily restricted” after being restricted on November 23. Although X did not provide a clear explanation for this action, there were hints that Zhao may have violated some platform rules. It is interesting to note that Zhao resigned as CEO of Binance and pleaded guilty to criminal charges as part of a deal with US authorities before taking this action.

CZ’s withdrawal and legal difficulties

On November 21, Zhao’s resignation was made public as part of a settlement that included paying $4.3 billion to Binance and the U.S. Department of Justice. As part of the agreement, Zhao was required to pay $150 million to settle a civil lawsuit with authorities. He also pleaded guilty to one felony count of failing to keep Binance’s anti-money laundering program up to date.

Zhao’s account was blocked at the same time U.S. prosecutors declared him a flight risk and expressed concerns about his possible departure to the United Arab Emirates. Zhao’s legacy in the cryptocurrency sector has been clouded by the intense scrutiny and legal challenges he has faced during this period, and his social media presence has also suffered.

Zhao’s reaction and what it means

Zhao speculated that the restriction was probably a knee-jerk reaction because despite these difficulties, he changed his profile name from “CZ Binance” to “CZ BNB.” He condemned several name change bans on the platform and asked people not to give in to fear, uncertainty and doubt (FUD). Zhao is going through major changes both personally and professionally, and this event serves to highlight the ongoing obstacles he faces.

Changes in Binance Leadership

Richard Teng, former CEO of Abu Dhabi Global Market, became CEO of Binance upon Zhao’s departure. Teng’s appointment enters a new phase in the business that will probably be affected by current legal issues and Zhao’s ongoing situation. The blocking of Zhao’s

In summary, Changpeng Zhao’s social media platform X account was restricted after his departure and a legal settlement was reached with X. DOJ. This is a complex case that illustrates the complex interplay between social media, regulation, and law in the cryptocurrency space. As the scenario unfolds, it will be interesting to see how these events impact Zhao’s legacy and Binance’s future under new leadership.

Image source: Shutterstock

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Rabby Wallet integrates XRPL EVM chain with peersyst

September 15, 2025

Skale Labs fairly publishes a technical white paper and introduces the industry’s first “encryption proof” consensus protocol.

September 10, 2025

Coindesk July 2025 Report: Stablecoins and CBDC

September 5, 2025
Add A Comment

Comments are closed.

Recent Posts

Green Hood Contracts Thanksgiving Summary -Ackee Blockchain

September 17, 2025

BetFury Is At SBC Summit Lisbon 2025: Affiliate Growth In Focus

September 17, 2025

FED Mining’s Cloud Mining Platform Is Helping Users Earn $8,800 Per Day, And XRP’s Growth Is Driving Market Enthusiasm.

September 17, 2025

Stablecoin Holdings Drop As Investors Pivot To SOL, XRP, And Altcoins

September 17, 2025

Flipster Partners With WLFI To Advance Global Stablecoin Adoption Through USD1 Integration

September 17, 2025

Zircuit Launches $495K Grants Program To Accelerate Web3 Super Apps

September 16, 2025

Kintsu Launches SHYPE On Hyperliquid

September 16, 2025

New Cryptocurrency Mutuum Finance (MUTM) Raises $15.8M As Phase 6 Reaches 40%

September 16, 2025

How XRP Enthusiasts Can Earn $15k/Day

September 16, 2025

Bringing 1R0R To R0AR Chain Unlocks New Incentives

September 16, 2025

As the Air drop recipient is sold, the infinite price is 46% conflict after Binance listing.

September 16, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

Green Hood Contracts Thanksgiving Summary -Ackee Blockchain

September 17, 2025

BetFury Is At SBC Summit Lisbon 2025: Affiliate Growth In Focus

September 17, 2025

FED Mining’s Cloud Mining Platform Is Helping Users Earn $8,800 Per Day, And XRP’s Growth Is Driving Market Enthusiasm.

September 17, 2025
Most Popular

How NFT Loans Are Transforming the DeFi Market

January 10, 2025

Get Rich Quick with SyncCoin: The Ultimate Guide to Investing in Cryptocurrency – The Defi Info

January 31, 2024

Bank of Israel launches Digital Shekel Challenge

May 29, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.