👋👋Surprising CZ Exit from BlockTower Capital CEO 👋👋

BlockTower Capital CEO Ari Paul made striking allegations about former Binance CEO Changpeng Zhao (CZ). Paul criticized CZ for committing similar crimes to former FTX CEO Sam Bankman-Fried and the difference in legal treatment of these two names. Paul argued that CZ committed crimes that violated the interests of individual investors, but got away with a lighter sentence.

Ari Paul accused CZ of using client funds in risky investments, misleading individual investors, and facilitating money laundering for criminal organizations. He also claimed that the US government was trying to access critical documents as part of its investigations into Binance, and that these documents could reveal further abuse.

This came after Ki Young Ju defended CZ. Paul added to his criticism by saying, “If the federal government so desires, CZ could face life in prison.” Ki Young Ju, however, countered Paul’s accusations, stating that the US Department of Justice had not accused CZ of embezzling client funds, but of aiding money laundering, and that these accusations were not based on sufficient evidence. Ju, who argued that the allegations based on the Reuters report were weak, emphasized that CZ had not received any legal conviction.

While Paul’s statements received widespread attention, some critics said it was unreasonable for a billionaire businessman like CZ to risk his empire to steal $30 billion. They pointed out that since CZ also has clients in the United Arab Emirates, he could also be subject to legal scrutiny there in the event of any corruption.

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