Binance founder CZ first post in X after 116 days in prison:gm

[Knight Hider]

I want 30 seconds of my life back! People are nuts to share "gm" and worship him. You're acting as if this rich guy is a God.

31K reposts, 9k quotes, 200k likes and 15M views. Get a life.

[MWayne]

This is my first post after 9 years of being a member here.
I hope it has the same influence.
 

[yhiaali3]

Why do you think his departure would be better Binance ? What I see is that someone wanted him to depart , his leaving Binance was forced and not something he wanted . Some do not want Binance to dominate the entire market share of the industry, some people want to overthrow and replace Binance's dominance and take over the market .

I think it's better for Binance and the market as well, because of CZ's huge success there will still be people who are jealous of him and hate him inside and outside Binance and this will cause a lot of problems, you know how these things go.

Also for governments they will keep their eyes on CZ so if he stays in power in Binance it may cause them a lot of problems with governments around the world either because of CZ's strong personality or because of the greed to get a fine from Binance due to real or false accusations.

[Iranus]

Changpeng Zao is smart to know that if he tries to influence the market again, Binance will be in more problems. It's not coincidence that SEC approved Bitcoin Spot ETFs with massive contribution from a company in the USA, Grayscale, and many companies there like BlackRock provide their services for customers to access Bitcoin market, then Binance got more bigger legal troubles.

Bitcoin Spot ETFs were approved to help companies in the USA. get benefit, not for Binance. Binance as a non-USA company, actually has many enemies from that country and I believe that Changpeng Zao knows that very well.

He still has big influence but I believe he loves Binance company and will not want to do things which can harm Binance in future.

I agree, he sacrificed himself to save the future of Binance. And you're right, he went to jail, Binance faced lawsuits and a series of bans that caused their market share to drop significantly...it's all a battle for power, market share. They want to dominate this lucrative market and don't want to share it with anyone so they are willing to massacre anyone they think is in their way.

He has a 90% stake, so as the owner he will always have influence over Binance. It is true that Binance's management issues will fall under the control of other people. But in cases like these, the CEO becomes an employee of CZ. According to an article I read, without CZ, Binance had to pay a $4.3 billion penalty, but CZ only paid a $50 million fine. So CZ's fortune has not reduced at all, and he says it is in cryptocurrencies.

As far as I remember Binance still had to pay a $4.3 billion fine, CZ went to jail and he personally had to pay another $50 million fine, both were convicted by the US justice department, not just one.




https://www.binance.com/en/square/post/14145424213970

[Riceandbean]

Changpeng Zao is smart to know that if he tries to influence the market again, Binance will be in more problems. It's not coincidence that SEC approved Bitcoin Spot ETFs with massive contribution from a company in the USA, Grayscale, and many companies there like BlackRock provide their services for customers to access Bitcoin market, then Binance got more bigger legal troubles.

Bitcoin Spot ETFs were approved to help companies in the USA. get benefit, not for Binance. Binance as a non-USA company, actually has many enemies from that country and I believe that Changpeng Zao knows that very well.

He still has big influence but I believe he loves Binance company and will not want to do things which can harm Binance in future.

I agree, he sacrificed himself to save the future of Binance. And you're right, he went to jail, Binance faced lawsuits and a series of bans that caused their market share to drop significantly...it's all a battle for power, market share. They want to dominate this lucrative market and don't want to share it with anyone so they are willing to massacre anyone they think is in their way.

He has a 90% stake, so as the owner he will always have influence over Binance. It is true that Binance's management issues will fall under the control of other people. But in cases like these, the CEO becomes an employee of CZ. According to an article I read, without CZ, Binance had to pay a $4.3 billion penalty, but CZ only paid a $50 million fine. So CZ's fortune has not reduced at all, and he says it is in cryptocurrencies.

As far as I remember Binance still had to pay a $4.3 billion fine, CZ went to jail and he personally had to pay another $50 million fine, both were convicted by the US justice department, not just one.




https://www.binance.com/en/square/post/14145424213970

Decentralization is ironic in this case.