Changpeng Zhao Says He Won’t Run Binance, Remains as Shareholder and Supporter
Original headline바이낸스 운영 안 한다는 창펑 자오…주주·지지자로 남아
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Binance co-founder Changpeng Zhao (CZ) stated on X that he no longer operates Binance but remains a shareholder and supporter, distinguishing his exchange role from his ownership stake. The exchange, which processes some of the largest spot volumes in crypto, recently resumed Bitcoin withdrawals on its network following a security incident. The clarification came after X user Michael Lerro questioned why CZ was acting as if he were still with the company despite not working there; CZ replied that he is free to post as he wishes. The remarks matter because CZ's public commentary continues to move markets and shape sentiment around Binance, the world's largest exchange by trading volume, even after his departure from day-to-day management. Watch for whether Binance discloses further details on the security breach and withdrawal status, and how CZ's shareholder status factors into ongoing regulatory oversight of the exchange.
Muhabbit's AI wrote this summary in its own words from TokenPost's report and translated it from Korean. It can get details wrong, so check the source.
Named in this story
Binance, Changpeng Zhao