Binance CEO Changpeng Zhao denies $28 billion net worth

Binance’s CEO, Changpeng Zhao (CZ), sent out a tweet with a ‘4’ in it for the umpteenth time yesterday. He refers to one earlier tweet from the beginning of the year when he had shared his goals for the coming year with his 8.3 million followers. Number 4 on that list was the intention to launch FUD (Fear, uncertainty and doubt) to ignore.

Binance CEO at number 3 ‘finance rich list’

Bloomberg has listed the CEO of the world’s largest crypto exchange in third place in the finance rich list. Bloomberg estimates CZ’s net worth at $28.2 billion, putting it behind Jeff Yass, co-founder and CEO of one of Wall Street’s largest and most successful trading firms, the Susquehanna International Group, and Ken Griffin, the founder and CEO of multinational hedge fund Citadel LLC , is placed.

According to CZ, the list contains inaccurate information about his net worth and stated in his tweet as follows:

Numbers don’t match. I’m not even close. I don’t know why they’re doing this.”

In addition, CZ in his tweet undermined the assumption that Binance saw the now bankrupt FTX as a rival. “We welcome more (well-run) exchanges in the broad,” said CZ.

Criticism of CZ on mainstream media

CZ tweeting about inaccuracies in reports from mainstream media is regularly featured in the crypto news. CZ therefore has a critical attitude about the way the industry is represented in mainstream media articles. As a result, he has repeatedly denied information from major sources such as Bloomberg and Forbes, often referring to the aforementioned ‘4’.

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For example, at the end of February, CZ dismissed a Forbes article that alleged that Binance had sent a total of $1.8 billion in capital, which was intended to cover the stablecoins, to hedge funds without informing its users.

Earlier, the CEO had also denied a Bloomberg article claiming that Binance was considering severing ties with its US business partners.

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