BREAKING: Ex-Binance CEO CZ’s X account restricted

Binance founder and former CEO Changpeng ‘CZ’ Zhao’s X account has been restricted. While its not clear why the ex-Binance chief’s X (formely Twitter) is restricted, the move comes as a surprise to many.

On Thursday, US prosecutors wanted CZ prevented from leaving the US for the UAE, with allegations that he was a flight risk. This is after he pleaded guilty to money laundering charges and was released on a $175 million bond.

Binance will also pay a $4.3 billion penalty as settlement with the US Department of Justice (DOJ). 

After he stepped down, CZ was replaced by Richard Teng, the former head of Abu Dhabi Global Market, UAE. 

The account restriction is a developing story and more will definitely come to light.

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