X Restricts Binance CEO Zhao Account
27 Nov, 2023 ● Crypto News
Changpeng "CZ" Zhao, the former CEO of Binance, had his account restricted by social media platform X (formerly Twitter) with no explanation given other than that he "may have potentially violated the X Rules."
On November 23, X users had to click a button to accept that CZ's account was "temporarily restricted" in order to be able to view it for a short while.
On November 21, Zhao announced his resignation as CEO of cryptocurrency exchange Binance, agreeing to settle with US authorities in exchange for a guilty plea to a single felony charge.
Zhao, the former CEO of Binance, hinted in an update on Nov. 23 that the restriction was likely a result of an automated response after he changed his profile name from “CZ Binance” to “CZ BNB.”
“The X bot detection algo needs some work, [Elon Musk]. It doesn’t detect the bad bots, and wrongly targets the real humans.”
After resigning as CEO of Binance, it's unclear if CZ, who is well-known for being a frequent user of the social media site, will post less frequently.
Richard Teng, the global head of regional markets for the cryptocurrency exchange, has taken the lead, despite having only 231,600 followers on X as opposed to Zhao's 8.7 million.
As part of civil cases with regulators, CZ was ordered to pay $150 million by the US Department of Justice, which announced a $4.3 billion settlement with Binance on November 21.
In addition, the former CEO entered a guilty plea to a single felony count pertaining to Binance's failure to keep up a successful anti-money laundering program.
Sources:
https://cointelegraph.com/news/x-temporarily-restricted-changpeng-zhao-account
