Is CZ cutting its relationship with Binance: It may sell its shares

Changpeng Zhao, who completed his prison sentence in the US at the end of September and returned to Dubai, where he lived, said in an interview that he had received offers for his shares in Binance and that he had no final decision on this matter. For CZ, "Will it completely cut off ties with Binance?" Caused their questions to be asked.

Changpeng Zhao, one of the founders of Binance and who left his post in the lawsuit filed by the US Department of Justice last year, is now considering selling his shares in the stock market.

“A cycle may close”

CZ, who gave an interview to Bloomberg from the US media, said, "I have always been happy with my position in the company, but it may be that an era is closing." Stating that he was not very eager to return to his duty, the famous manager said, "That child has grown up now. Also, I am no different from a simple shareholder," he said.

Zhao, who did not give details about the sale of shares, said, "I received some offers. But there has been no progress so far," he said.

“Don't confuse me with SBF”

Stating that he did not find it correct to compare FTX with its former CEO Sam Bankman-Fried, who was sentenced to 25 years in prison, CZ said:

“He stole people's money. I, on the other hand, failed in the company's regulatory compliance. It's not the same.”

The former CEO of Binance also stated that there is currently no decision-making power within the stock market.