CZ - Optimisus

Court documents says the SEC claims that billions of dollars of customer funds were received by Zhao and Chen through their holding company.

1 day ago 2 mins read

Binance Accused by SEC of Redirecting $12B to Companies Owned by CEO Changpeng Zhao

Binance, one of the world’s largest cryptocurrency exchanges, and its CEO Changpeng ‘CZ’ Zhao, along with Guangying ‘Helina’ Chen, are facing serious allegations by the Securities and Exchange Commission (SEC). According to court documents, the SEC claims that billions of dollars of customer funds were received by Zhao and Chen through their holding company. The regulatory body has presented evidence suggesting that the funds were funneled through an intermediary holding company called Key Vision Development Limited. Details of the Allegations: Testimony provided by Sachin Verma, an accountant employed by the SEC, forms a crucial part of the regulator’s case. The

Binance alleges FTX spent $43 million on negative press about the company

5 months ago 2 mins read

CZ claims FTX paid for FUD-filled news articles about Binance

Binance CEO Changpeng Zhao, also known as CZ, has alleged that cryptocurrency exchange FTX paid $43 million to a crypto news outlet that regularly publishes negative articles about Binance. The claim was made during a Twitter space talk, where CZ discussed various topics related to the crypto industry. CZ stated that traders with short positions often look to “generate negative news” to improve their trades. He acknowledged that there are crypto skeptics, such as Peter Schiff, who criticize the industry, but said that he is “fine” with it as “they don’t get it, they don’t understand it.” However, he admitted

7 months ago 1 min read

CEO of Binance, CZ claims he should have tweeted about FTX issues sooner

Changpeng Zhao or CZ, CEO of Binance, expressed regret for not sending an earlier tweet that led to the demise of the crypto exchange FTX. The CEO of the largest crypto exchange in the world made the statement during a live interview on Bloomberg TV on November 24. CZ said, “I actually reflect on the FTX situation and I kind of blame myself for tweeting that too late. As an industry, we let FTX get too big before we started questioning some of those things.” On November 8, Zhao tweeted that Binance would destroy every single FTT token—native FTX’s token—on