Binance CEO "CZ" On Bloomberg's Data On His Wealth and FTX

While Binance does not publish any annual financial disclosure on its revenues and CZ’s stake, Bloomberg estimated that CZ is worth $28.2 billion and ranked him 3rd in the top 25 rich list. Meanwhile, Forbes rich list estimates that CZ is worth $10.5 billion.

advertisement

Binance CEO Denies Worth Estimated by Bloomberg

Binance CEO CZ took to Twitter on April 27 denying Bloomberg’s data on his net worth and FTX rivalry. He said the numbers, including his wealth and the Crypto exchange’s annual revenue, are “all wrong.” Further, he claims that FTX was never seen as a rival, saying “We welcome more (well run) exchanges in the space.”

Bitcoin Campaign

The World’s first licensed Crypto Casino. Begin your journey with 20% cashback up to 10,000 USDT.

Signup Ad

Bloomberg in the “New Finance Rich List” ranked Binance CEO “CZ” third, followed by Citadel CEO Ken Griffin and trader Jeffrey Yassa among the 25 financial leaders. Bloomberg estimated “CZ” net worth at $28.2 billion and Binance’s annual revenue at around $12 billion. The list is led by computer-driven trading companies.

Notably, Binance does not publish its financial data and stake Binance CEO “CZ” own in the Crypto exchange. The US Commodity Futures Trading Commission (CFTC) sued Binance and its CEO CZ on allegations of helping customers hide their locations to evade trading restrictions, failing to implement effective compliance policies, and violating derivatives regulations.

Also Read: US House Investigating Potential Operation Choke Point 2.0 To De-Bank Crypto

Comments

Post a Comment

Popular posts from this blog

BabyDoge: Number of Holders Surpass That of Shiba Inu

Image
Meme coins and dog tokens have become popular among investors. Many people have been drawn to the innovations and their immediate benefits. Dogecoin (DOGE) and Shiba Inu (SHIB) may have started the meme coin movement, but a few other coins have since gained popularity. BabyDoge has received a lot of attention recently as a result of recent developments. The team has been working tirelessly on the BabyDoge Swap mainnet launch, which was deployed on September 21, 2022. Even though all meme coins fall under one roof, there is a spirit of hidden competition between each of them. The battle between BabyDoge and Shiba Inu A new piece of information was shared by the Twitter account BabyDoge , which informs the meme coin community of the most recent developments, such as holder information. The most recent tweet states that BabyDoge has gathered over 11 new hodlers in the past 24 hours alone. In the past hour, #BABYDOGE has gained 11 new holders. Th...
Read more

Bitcoin can hit $40K before BTC price sees 'harsh correction' — analyst

Image
BTC price action heads lower on the day, but strength is still there beyond the short term, says Michaël van de Poppe. Bitcoin (BTC) faced selling pressure at the Feb. 21 Wall Street open as United States' stock markets opened down. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView BTC price skids lower with US stocks Data from Cointelegraph Markets Pro and TradingView showed BTC/USD dipping to daily lows of $24,324 on Bitstamp. Bearish signals were already in for the pair after it saw swift rejection during its latest attempt to flip $25,000 to support. Amid suspicions over whale movements on exchanges, monitoring resource Material Indicators concluded that the 200-week moving average (MA) at $25,100 needed to become support for Bitcoin to change its long-term trend. "IMO, until we see full candles above the 200 WMA this is still distribution in a bear market rally, and with the bid wall above $24k, shorting from this level has about as much short term risk as long...
Read more

Is LUNC Too Decentralized to Survive? Community Debates Need for a CEO

LUNC is ailing and unable to recover due to the absence of a leadership figure. Crypto analyst argues that fully decentralized blockchains do not succeed. Some members of the LUNC want Binance CEO to take charge of the network. According to experts in the crypto space, the Terra Luna Classic (LUNC) network is ailing and unable to recover due to the absence of a leadership figure in the space. More than once, the LUNC community has pondered bringing Changpeng Zhao (CZ), the CEO of Binance Exchange, to take charge of the LUNC affairs. In a recent YouTube video, prominent crypto analyst Classy Crypto weighed in on the idea of CZ leading LUNC. The crypto analyst first highlighted a recent proposal from the LUNC community about the need for someone to lead the network. Classy Crypto argued that it has been established over the years that fully de central ized blockchains do not succeed. He mentioned that successful networks such as Bitcoin (BTC), Ethereum (ETH...
Read more