"If it's wrong, you have to correct it, you don't want to keep quiet, do you?"
After Bloomberg released its latest list of wealthy individuals, Binance Chief Executive Officer (CEO) Changpeng Zhao (CZ) said that the information regarding his wealth was completely inaccurate.
According to the Bloomberg list, CZ is among the top 3 financial billionaires worldwide with a net worth of around $28.2 billion.
But through CZ's disclosure, the following numbers are all wrong and he who wrote "4" in his Twitter account has become the reason why most individuals think his wealth is somewhere between Dan Gilbert's $19.4 billion and Uday Kotak's $13 billion.
4
Numbers all wrong. I don't have anywhere near as much. Don't know why they do this. 🤷♂️
Also, never viewed FTX as a rival. We welcome more (well run) exchanges in the space. pic.twitter.com/xfa31RZp7t
— CZ 🔶 Binance (@cz_binance) April 27, 2023
He also did not see the FTX cryptocurrency exchange that crashed last year as a rival and instead encouraged more companies to join the digital asset market, commented CZ again.
In addition to vehemently denying the information released by Bloomberg or Forbes, CZ also characterized their reports as FUD, which is a propaganda tactic used in sales, marketing, public relations and others.
Earlier in late February 2023, CZ claimed that Forbes did not know how the exchange worked after claiming the CEO made a "backroom maneuver" involving a $1.8 billion transaction in 2022.
*Rooms located at the back of the building, especially private rooms.
While he also denied a Bloomberg report stating that Binance is considering severing ties with its business partners in the United States (US).
