Unexpected Limitation on Changpeng Zhao’s User Account
Changpeng “CZ” Zhao, the former CEO of cryptocurrency exchange Binance, had his account temporarily blocked by social media site X, previously known as Twitter. Users had to accept that Zhao’s account was “temporarily restricted” in order to see it after it was restricted on November 23. X did not provide a clear explanation for this action, however there were hints that Zhao could have broken some platform regulations. It’s interesting to note that Zhao just resigned as CEO of Binance and entered a guilty plea to a criminal charge as part of a deal with US authorities before taking this step.
CZ’s Exit and Legal Difficulties
On November 21, Zhao’s departure was made public as a part of a settlement that included a $4.3 billion payment to Binance and the U.S. Department of Justice. Zhao had to pay $150 million to settle civil proceedings with authorities as part of the accord….
