{"id":11698,"date":"2023-04-27T11:15:58","date_gmt":"2023-04-27T11:15:58","guid":{"rendered":"https:\/\/www.cryptoheretostay.com\/?p=11698"},"modified":"2023-04-27T11:16:00","modified_gmt":"2023-04-27T11:16:00","slug":"binance-ceo-changpeng-zhao-cz-calls-bloomberg-rich-list-entry-fake-news","status":"publish","type":"post","link":"https:\/\/cryptoheretostay.com\/?p=11698","title":{"rendered":"Binance CEO Changpeng Zhao \u2018CZ\u2019 calls Bloomberg Rich List entry fake news"},"content":{"rendered":"<p> <script type=\"text\/javascript\">\r\namzn_assoc_placement = \"adunit0\";\r\namzn_assoc_tracking_id = \"totafreearti-20\";\r\namzn_assoc_ad_mode = \"search\";\r\namzn_assoc_ad_type = \"smart\";\r\namzn_assoc_marketplace = \"amazon\";\r\namzn_assoc_region = \"US\";\r\namzn_assoc_default_search_phrase = \"crypto\";\r\namzn_assoc_default_category = \"All\";\r\namzn_assoc_search_bar = \"false\";\r\namzn_assoc_title = \"\";\r\namzn_assoc_rows =\"1\";\r\n<\/script>\r\n<script src=\"\/\/z-na.amazon-adsystem.com\/widgets\/onejs?MarketPlace=US\"><\/script><br \/>\n<\/p>\n<p>Binance CEO Changpeng Zhao (CZ) responded &#8220;4&#8221; to his recent Bloomberg rich list entry.<\/p>\n<p>CZ added that the numbers were all wrong. He also corrected the supporting text, saying he never viewed the now-defunct FTX exchange as a rival.<\/p>\n<p>&#8220;4&#8221; signifies ignoring fear, uncertainty, doubt (FUD,) fake news, and attacks \u2014 as set out in a January tweet in response to a period of sustained criticism, particularly over rumors of insolvency.<\/p>\n<p>&#8220;In the future, would appreciate if you can link to this post when I tweet &#8220;4&#8221;. &#8220;<\/p>\n<h2>CZ ranks third on Bloomberg Rich List<\/h2>\n<p>Bloomberg published its Finance Rich List on April 25, giving a rundown of the top 26 money moguls ranked by their purported wealth.<\/p>\n<p>Ranked first is Citadel&#8217;s Ken Griffith at $35 billion, followed by Jeff Yass of trading firm Susquehanna International Group \u2014 said to be worth $33.1 billion. CZ came third on the list with a $28.2 billion valuation.<\/p>\n<p>Giving a summary of his journey to becoming CEO of the world&#8217;s largest crypto exchange, Bloomberg stated Binance has an annual turnover of more than $12 billion.<\/p>\n<p>It also included details of increased regulatory scrutiny following the collapse of &#8220;rival exchange FTX&#8221; \u2014 subsequently being sued by the U.S. Commodity Futures Trading Commission (CFTC) over charges of operating an illegal exchange.<\/p>\n<h2>The numbers are all wrong<\/h2>\n<p>In his response to the Rich List entry, CZ began by denoting it as fake news. He clarified that the reported $28.2 billion valuation is inaccurate, saying his actual worth is much lower.<\/p>\n<p>Additionally, the Binance CEO expressed concerns over the motives behind inflating the number.<\/p>\n<p>&#8220;Numbers all wrong. I don&#8217;t have anywhere near as much. Don&#8217;t know why they do this.&#8220;<\/p>\n<p>A commenter implied that the Bloomberg valuation is understated and that CZ is among the wealthiest in the world alongside &#8220;Elon Musk and Vladimir Putin.&#8221;<\/p>\n<p>Downplaying the comment, CZ humbly said he is a &#8220;small potato&#8221; in a burgeoning industry and not in the same league as those mentioned.<\/p>\n<p>&#8220;No way. I am a small potato in a small (but growing) industry. Those guys are 100x bigger, or more.&#8220;<\/p>\n<p>The post Binance CEO Changpeng Zhao &#8216;CZ&#8217; calls Bloomberg Rich List entry fake news appeared first on CryptoSlate.<\/p>\n<p><script type=\"text\/javascript\">\r\namzn_assoc_placement = \"adunit0\";\r\namzn_assoc_tracking_id = \"totafreearti-20\";\r\namzn_assoc_ad_mode = \"search\";\r\namzn_assoc_ad_type = \"smart\";\r\namzn_assoc_marketplace = \"amazon\";\r\namzn_assoc_region = \"US\";\r\namzn_assoc_default_search_phrase = \"bitcoin\";\r\namzn_assoc_default_category = \"All\";\r\namzn_assoc_search_bar = \"false\";\r\namzn_assoc_title = \"\";\r\namzn_assoc_rows =\"1\";\r\n<\/script>\r\n<script src=\"\/\/z-na.amazon-adsystem.com\/widgets\/onejs?MarketPlace=US\"><\/script><br \/>\n<br \/><a href=\"https:\/\/cryptoslate.com\/binance-ceo-changpeng-zhao-cz-calls-bloomberg-rich-list-entry-fake-news\/\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Binance CEO Changpeng Zhao (CZ) responded &#8220;4&#8221; to his recent Bloomberg rich list entry. CZ added that the numbers were all wrong. He also corrected the supporting text, saying he never viewed the now-defunct FTX exchange as a rival. &#8220;4&#8221; signifies ignoring fear, uncertainty, doubt (FUD,) fake news, and attacks \u2014 as set out in [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":11699,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_wp_rev_ctl_limit":""},"categories":[3],"tags":[],"class_list":["post-11698","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ethereum-news"],"_links":{"self":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts\/11698","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=11698"}],"version-history":[{"count":1,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts\/11698\/revisions"}],"predecessor-version":[{"id":11700,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts\/11698\/revisions\/11700"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/media\/11699"}],"wp:attachment":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=11698"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=11698"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=11698"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}