Tag: changpeng zhao

Nov 28 2022

Binance Makes Multi-Billion Dollar Transfers Following FTX’s Collapse

Binance has moved around several billion since the collapse of FTX. The latest transfer, worth $2 billion came earlier today.

Nov 26 2022

Binance CEO “CZ” Reveals Wallet Transparency To Answer “Proof Of Reserve” Jab

Nov 26 2022 Published at Coingape under tags  binance changpeng zhao news

After some crypto leaders claimed Binance's "proof of reserves" as pointless, Binance CEO Changpeng "CZ" Zhao stated...

Nov 25 2022

Binance launches official Merkle Tree-based proof of reserves

Nov 25 2022 Published at Coinscreed under tags  binance changpeng zhao

Binance announced its official answer two weeks after initially pledging to create a proof-of-reserve (PoR) system in response to the FTX liquidity and bankruptcy catastrophe. The exchange explained how users can utilize the system to check its holdings in an announcement on the Binance website. The Merkle Tree-based method can currently only verify Bitcoin (BTC […] The post...

Binance Chief Doubles the Target for Crypto Recovery Fund to $2 Billion

Ever since the collapse of the crypto exchange FTX, Binance chief Changpeng Zhao has been actively working to set up a recovery fund to help distressed, yet fundamentally strong firms. Besides,...

Nov 24 2022

Binance Targets $1B Recovery Fund For Distressed Crypto Assets

Nov 24 2022 Published at Coinscreed under tags  binance changpeng zhao ftx

Binance is targeting $1 billion or more for a previously announced recovery fund to buy distressed crypto assets. Binance plans to contribute $1 billion to a suggested industry recovery fund, and its CEO announced plans for a fresh offer for the assets of the defunct Voyager bitcoin loan company. In an interview with BloombergTV on […] The post...

Nov 23 2022

Nov 17 2022

CZ Binance: FTX’s misappropriation of user funds was clear once due diligence started

Summary: Binance CEO Changpeng Zhao told CNBC that due diligence during the FTX deal didn't last long. Zhao said "misappropriation of user funds" at Sam Bankman-Fried's crypto exchange was clear once the process started. The deal collapsed after Binance saw the books and FTX filed for bankruptcy shortly after. Changpeng Zhao, CEO of top centralized crypto exchange Binance, expanded on due diligence with...

Binance CEO “CZ” Calls Nouriel Roubini “A Person With Negative Energy”

Nov 17 2022 Published at Coingape under tags  binance changpeng zhao news

Binance CEO Changpeng "CZ" Zhao on Thursday responds to economist Nouriel Roubini's attack on him. Binance CEO calls Nouriel Roubini impolite, irrational, and a person with negative energy....

Nov 16 2022

Binance CEO “CZ”: Details On Industry Recovery Fund Coming This Month

Binance CEO Changpeng "CZ" Zhao on Wednesday said the crypto industry recovery fund grabbing the attention of many influential industry players. Binance...

Nov 14 2022

Vitalik Buterin Will Help Binance Prove Its Reserves, CZ Says

CZ shared his reflections on the FTX collapse on a Twitter Spaces discussion with the Binance community Monday afternoon. Binance CEO CZ Weighs in on FTX Implosion Days after posting...

Binance CEO “CZ” Discussed FTX Token (FTT) Fate With SBF

Binance CEO "CZ" on Monday said Binance never shorted FTX Token (FTT). He said the crypto exchange still has a significant amount of FTT holdings, but stopped selling it...

Binance to launch ‘recovery fund’ for strong projects with liquidity crisis

Binance CEO Changpeng 'CZ' Zhao revealed on Nov. 14 that the exchange would launch an industry recovery fund to help strong projects in a liquidity crisis. To reduce further cascading negative effects of FTX, Binance is forming an industry recovery fund, to help projects who are otherwise strong, but in a liquidity crisis. More details to come soon....

Binance Chief Pushes for Global Crypto Standards Amid FTX Crisis

Nov 14 2022 Published at Coingape under tags  binance changpeng zhao ftx news regulation news

As the FTX crisis unraveled over the last week, the demand for regulatory...

Nov 10 2022

Changpeng Zhao Is The Undisputed King of Crypto

Nov 10 2022 Published at Coinscreed under tags  binance changpeng zhao crypto news

Changpeng Zhao is rarely seen without his black polo shirt with the logo of his cryptocurrency company, Binance. He wears it to parties, on stages, and to meetings. Forbes says that Changpeng Zhao, a boy from a small village in China who used to flip burgers in Canada for a living but now has a […] The post Changpeng Zhao Is The Undisputed...

Binance CEO internal memo: Binance CEO claims he did not “master plan” FTX’s extinction

Changpeng Zhao, the CEO of Binance, also recognized as "CZ," tried to warn users that the company's intention to procure FTX may attract scrutiny from global regulators — but the firm is ready. We previously stated in our exclusive article that Binance appears to have planned to sell FTT tokens on open markets to...

Nov 09 2022

FTX Is Bust and Crypto Is Plummeting. What Happens Next?

Yet another disaster has hit the crypto space, but there are reasons to stay positive, Chris Williams writes. FTX and Alameda Go Bust News of Binances plans to bail out...

Temasek Opens Talks With FTX Amid Binance Takeover and FTT Crash

FTX might receive a state-sponsored bailout from Temasek as Binance checks balances before takeout.

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