June 16, 2024

Changpeng Zhao denied information about the size of his fortune at $ 28.2 billion

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Changpeng Zhao denied information about the size of his fortune at $ 28.2 billion

The CEO of the Binance cryptocurrency exchange tried to refute media reports that his capital exceeded $28 billion. The businessman called the information about his wealth inaccurate.

According to Bloomberg, Changpeng Zhao
is one of the three richest people in the world with a capital estimated at $28.2 billion. Zhao wrote on Twitter that Bloomberg does not have accurate data on his finances.

“The numbers are wrong. I don't have anywhere near that amount. I don’t know why they do this,” Zhao wrote, starting his tweet with a four. This is how fake news is sometimes labeled on Twitter.

 
Binance CEO added that he would neverconsidered the collapsed cryptocurrency exchange FTX a competitor. Binance, according to him, welcomes platforms with well-established business processes into the cryptocurrency space.

Zhao has repeatedly denied the information,published in influential publications like Bloomberg and Forbes, often calling their materials sowing fear, uncertainty and doubt. At the end of February, the head of Binance rejected the suspicions of Forbes journalists who claimed that Binance was “underhandedly carrying out” transactions with $1.8 billion of client collateral.

Last year, Zhao sued Bloomberg Businessweek over a publication he said promoted hatred of his company and smeared his reputation.