Changpeng Zhao Warns When Reuter Intent To Reveal His Children’s Information

The founder of Binance, Changpeng Zhao (CZ) expressed his opinion firmly by giving answers to 5 questions from a Reuters reporter. CZ insists he wants to be open with the media, but if they compromise the safety of his family, that is intolerable.

On October 17th Reuter published a special report titled “How Binance CEO and aides plotted to dodge regulators in U.S. and UK“. On the same day, minimalism cultists like Binance founder, also posted a long blog with a tough attitude to answer Reuters’ questions.

In a lengthy blog post, Binance founder and CEO Changpeng Zhao responded on “the Latest Reuters Story”. Specifically, he responded on Binance’s commitment to compliance, his leadership style, Binance’s office location, rumors of “Tai Chi PPT”, as well as employee compensation and rewards pellets.

At the beginning of the blog, CZ affirmed that building engagement with the media is important. The company has tried in this respect but Reuters has been “Breaking boundaries and breaking trust” by a series of stories about Binance over the past few months.

The incident that made CZ unacceptable was that Reuter intended to disclose information and affect the safety of his children.

“My toddlers are not in the public interest and this reporter would be knowingly putting them in harm’s way by publishing information about them. This is unprincipled and intolerable.”

Since CZ received no guarantees not to write about his family, CZ posted a blog to directly answer questions from Reuters.

In response to Binance’s Commitment to Compliance, CZ noted that since last year alone, Binance has hired more than 4,000 new employees, many of whom work on compliance, investigation, and security. In addition, he also denied Reuters’ report that Binance was used as a money-laundering conduit for at least $2.35 billion in criminal funds, as they were unable to provide any details about it. How that number is calculated, and note that the number actually accounts for the amount that has passed since 2019. Binance’s total funding is less than 0.1%.

Regarding the story “Tai Chi PPT” which was submitted by an external consultant as a suggestion on how to set-up a business in the US, Binance CEO affirmed “it was never implemented”. Changpeng Zhao said Reuters ignored facts, took words out of context, reused old news incorrectly. Although Binance gave direct proof that it was never approved, Reuters deliberately ignored it.

At the end of the blog Binance CEO has once again affirmed that he wants to be connected and open with the media, but the prerequisite is still ensuring the safety of his family.

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