Zhao Changpeng (CZ), the founder of the cryptocurrency exchange Binance, recently stated that he has received several 'offers to acquire his stake in Binance', but he did not disclose whether he would sell, the sale price, or the identity of potential buyers.
According to the Bloomberg Billionaires Index, Zhao Changpeng's net worth has reached approximately $53 billion, with a substantial portion coming from his stake in Binance. It is estimated that his assets have increased by over $12 billion since the U.S. presidential election.
In a recent interview with (Bloomberg), Zhao Changpeng admitted that he has not yet decided whether to 'hold on forever' to his Binance stake, and he is willing to carefully evaluate each offer, but so far he has not taken action on any offers.
Zhao Changpeng pleaded guilty to violating the Bank Secrecy Act last November and reached a settlement with the U.S. Department of Justice, agreeing to pay a personal fine of $50 million and resigning as CEO of Binance. He was subsequently sentenced to four months in prison and was released on September 27.
Although Zhao Changpeng has been 'prohibited from participating in the operations or management of Binance' after his release, as the largest shareholder, he can still exercise shareholder rights and retains considerable influence over significant policies at Binance.
"Zhao Changpeng reveals: multiple parties have made offers to acquire stakes in Binance, decision on whether to sell not yet made" this article was first published on (Block Tempo).
