Changpeng Zhao
Blockchain Association's Kristin Smith on Binance's Proof-of-Reserves Pledge
Crypto exchange Binance founder Changpeng "CZ" Zhao urged industry players to provide "proof-of-reserves" on the heels of a proposal to acquire rival FTX. Kristin Smith of the Blockchain Association, a Washington, D.C.-based lobbying group, weighs in, saying it's "a good idea... but it's nothing that U.S. exchanges, at least the major ones, aren't already doing."
Divisions in Sam Bankman-Fried’s Crypto Empire Blur on His Trading Titan Alameda’s Balance Sheet
FTX CEO Sam Bankman-Fried is denying insolvency rumors plaguing the crypto exchange, tweeting in part "FTX has enough to cover all client holdings." This comes after CoinDesk revealed the balance sheet of FTX's sister company Alameda Research was loaded with FTX's native exchange token FTT. Binance CEO Changpeng "CZ" Zhao, a sizable owner of FTT, said his exchange would begin liquidating any remaining FTT it held on its books. CoinDesk Deputy Managing Editor Tracy Wang discusses the developments.
Binance Participating as Equity Investor in Musk’s Twitter Takeover, CEO Says
Binance CEO Changpeng Zhao told CoinDesk in an emailed statement, "We're excited to be able to help Elon realize a new vision for Twitter. We aim to play a role in bringing social media and Web3 together in order to broaden the use and adoption of crypto and blockchain technology." The Hash" hosts discuss what this means for Twitter and the future of crypto.
Kazakhstan to Integrate CBDC on BNB Chain, Binance CEO Says
The National Bank of Kazakhstan will integrate its central bank digital currency (CBDC) on Binance's blockchain network BNB Chain, Binance CEO Changpeng Zhao said on Thursday. "The Hash" hosts discuss why this could be a historic moment for the BNB ecosystem and digital money at large.
Binance Exec on the Company’s M&A Outlook
Binance CEO Changpeng Zhao (CZ) said the company may spend over $1 billion this year on deals. Chief Communications Officer Patrick Hillmann says “we’re going to continue to keep our powder dry” amid this bear market, while discussing the attractive projects they see in the space.
BNB Smart Chain Resumes Operations After Major Exploit, $100M in Crypto Drained
Initial token movements suggested that up to 2 million BSC tokens, worth roughly $570 million at the time, were targeted by an attacker late Thursday, but Binance CEO Changpeng Zhao estimated in a tweet the attacker was only able to get away with $100 million of that. BNB Chain also tweeted that $7 million of that amount was already frozen. "The Hash" discusses the implications of cross-chain security and decentralization, and what this suggests about the future of the crypto ecosystem.
Luna Classic, Remnant of Terra Collapse, Drops After Underwhelming Binance Burn Mechanism Data
Binance’s scheme destroyed only 0.08% of LUNC’s bloated supply, too minuscule to have a lasting impact on the hyperinflated token.
US Asked Binance for Documents Related to Money-Laundering Probe: Report
The request was made by federal prosecutors in late 2020.
CFTC Accuses Ohio Man of $12M Bitcoin Ponzi Scheme; Binance Recovers $450K Stolen From DeFi Protocol
The U.S. Commodities Futures and Trading Commission (CFTC) has taken legal action against an Ohio resident it says ran a $12 million Ponzi scheme involving bitcoin. Plus, Binance CEO Changpeng Zhao tweets the crypto exchange has frozen or recovered $450,000, which was stolen from decentralized finance protocol Curve.Finance earlier this week.
Binance CEO Hits Back at 'Weak' KYC Claims
Binance has the most sophisticated know-your-customer system in the industry, Changpeng Zhao said.
