{"id":32085,"date":"2024-11-08T11:00:07","date_gmt":"2024-11-08T08:00:07","guid":{"rendered":"https:\/\/coinengineer.net\/blog\/?p=32085"},"modified":"2024-11-08T09:53:00","modified_gmt":"2024-11-08T06:53:00","slug":"changpeng-zhao-cz-is-considering-selling-his-shares-in-binance","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/changpeng-zhao-cz-is-considering-selling-his-shares-in-binance\/","title":{"rendered":"Changpeng Zhao (CZ) is Considering Selling His Shares in Binance"},"content":{"rendered":"

After completing his prison sentence in the U.S. at the end of September and returning to Dubai, Binance<\/strong> founder Changpeng Zhao (CZ)<\/strong> revealed in an interview with Bloomberg that he has received offers for his shares in Binance. When asked if he had decided to sell his shares after stepping down from his position within the company, CZ stated that he has not yet made a final decision. This has sparked the question in the crypto world: \u201cWill CZ completely sever ties with Binance?\u201d<\/p>\n

In the interview, Changpeng Zhao expressed his reluctance to return to his former role, saying, \u201cI was always content with my position at the company, but perhaps an era is coming to a close.\u201d He added, \u201cThat kid has grown up. I\u2019m just like a simple shareholder now,\u201d emphasizing that he no longer holds an active role within the company.<\/p>\n

While he did not go into details regarding the potential sale of his shares, CZ said, \u201cI\u2019ve received some offers, but there hasn\u2019t been any development yet.\u201d He clarified that the process of determining his position in Binance has not yet been finalized.<\/p>\n

Changpeng Zhao (CZ): \u201cDon\u2019t Confuse Me with SBF\u201d<\/strong><\/p>\n

CZ also noted that he does not find comparisons to former FTX CEO Sam Bankman-Fried (SBF) appropriate. Emphasizing that SBF<\/strong> misused user funds, CZ stated, \u201cHe stole people\u2019s money. I, on the other hand, failed in regulatory compliance. Those are not the same thing.\u201d<\/p>\n

As the former CEO of Binance, Changpeng Zhao clarified that he no longer holds any decision-making authority in the company and that his role is solely at the shareholder level.<\/p>\n

For daily coin analyses and more, don\u2019t forget to join our Coin M\u00fchendisi Analiz Telegram channel!<\/p>\n

\n

You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don\u2019t forget to follow us on our\u00a0Telegram,\u00a0<\/strong><\/a>YouTube<\/strong><\/a>,\u00a0and\u00a0Twitter<\/strong><\/a>\u00a0channels for the latest\u00a0news<\/a>\u00a0and updates.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

After completing his prison sentence in the U.S. at the end of September and returning to Dubai, Binance founder Changpeng Zhao (CZ) revealed in an interview with Bloomberg that he has received offers for his shares in Binance. When asked if he had decided to sell his shares after stepping down from his position within<\/p>\n","protected":false},"author":23,"featured_media":32086,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9,11],"tags":[22,1809,23,496,1395],"class_list":["post-32085","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news","category-exchange-news","tag-binance","tag-changpeng-zhao","tag-cz","tag-ftx","tag-sam-bankman-fried"],"yoast_head":"\nChangpeng Zhao (CZ) is Considering Selling His Shares in Binance - Coin Engineer<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/coinengineer.net\/blog\/changpeng-zhao-cz-is-considering-selling-his-shares-in-binance\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Changpeng Zhao (CZ) is Considering Selling His Shares in Binance - Coin Engineer\" \/>\n<meta property=\"og:description\" content=\"After completing his prison sentence in the U.S. at the end of September and returning to Dubai, Binance founder Changpeng Zhao (CZ) revealed in an interview with Bloomberg that he has received offers for his shares in Binance. 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