- Profile Drama: CZ’s X account temporarily restricted after changing profile name post-Binance resignation.
- Algorithm Anomalies: Zhao highlights flaws in X’s bot detection algorithm, calling for improvements.
- Legal Battles: Facing criminal charges and multi-billion dollar settlements, Zhao pleads guilty and posts $175M bond.
In a surprising turn of events, former Binance CEO Changpeng Zhao, widely known as CZ, found himself at the center of a social media controversy after stepping down from his executive role. On November 23, users attempting to access Zhao’s X profile were met with a temporary restriction, accompanied by a warning message indicating a potential violation of X rules. The incident occurred shortly after Zhao changed his profile name from “CZ Binance” to “CZ BNB,” reflecting his resignation from Binance and emphasizing his continued commitment to the BNB token.
Despite the temporary restriction, it appears that X did not entirely block access to Zhao’s profile, and by 10:00 p.m. UTC on the same day, his account was once again fully public. Zhao attributed the temporary restriction to his profile name change, highlighting the nuances and potential pitfalls of platform algorithms.
Zhao’s updated profile bio now identifies him as the co-founder and former CEO of Binance, emphasizing his role as a “holder of BNB and BTC.” Despite his significant investment in BNB, Zhao downplayed the necessity of a CEO for the token, stating that it “doesn’t need a CEO.”
In an intriguing twist, Zhao took to social media to address X owner Elon Musk, suggesting that X’s bot detection algorithm requires improvement. He pointed out that the incident underscored the occasional misidentification of human users instead of bots, sparking a conversation about the effectiveness of anti-bot measures.
The controversy comes on the heels of Binance’s multi-billion dollar settlements with U.S. agencies and the admission of criminal allegations on November 21. Zhao, personally entangled in the legal turmoil, pleaded guilty and posted a $175 million bond to secure his release on bail. Prosecutors now aim to prevent him from leaving the U.S. before his sentencing scheduled for February 2024.
Notably, Zhao’s association with Binance will be subject to restrictions during the firm’s three-year monitorship, as reported by The New York Times. However, specific terms limiting his public activities or social media presence have not been outlined by authorities. The unfolding saga raises questions about the intersection of social media, corporate controversies, and the complexities surrounding high-profile individuals in the cryptocurrency space.
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